It is always a hotly contested subject during discussions of public subsidies of new arenas: whether the funding will yield to tangible economic developments. Early indications are that a new Pittsburgh Penguins (NHL) arena will bring in some development dollars — if those selling properties in the area are correct.
It is always a hotly contested subject during discussions of public subsidies of new arenas: whether the funding will yield to tangible economic developments. Early indications are that a new Pittsburgh Penguins (NHL) arena will bring in some development dollars — if those selling properties in the area are correct.
A half-dozen properties are for sale on Fifth Avenue alone, and the sellers say they’d be perfect vehicles for venues like sports bars. So far interest in the properties has been minimal, however, and the only offers have been on the low side.
Here’s an optimistic report from the Pittsburgh Tribune-Review.
