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The Pittsburgh Urban Redevelopment Authority suspended plans last week to choose a developer to revive the Greater Pittsburgh Coliseum in Homewood. As the agency prepared to restart the process, its board chair said it must make a better effort to balance community wishes with financial realities.
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Located in the heart of Homewood, the Greater Pittsburgh Coliseum has stood vacant for years. City officials had weighed two very different visions to redevelop it, but they found weaknesses in both plans, meaning the Coliseum will remain empty for some time to come.
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Pittsburgh Mayor Ed Gainey announced plans to use $2.1 million in federal coronavirus aid to boost housing availability downtown.
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Walker will become the founding CEO of a program aimed at ending the cycle of poverty.
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Two new programs through the Urban Redevelopment Authority will help expand access to capital and growth.
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Gainey appointed two new members: state Representative Sara Innamorato and his chief economic development officer, Kyle Chintalapalli.
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Home sale prices have outpaced inflation since 2016, according to an analysis commissioned by the Pittsburgh Urban Redevelopment Authority and Allegheny County Economic Development agency.
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Two major developments and further COVID pandemic relief were among the agenda items.
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The Urban Redevelopment Authority closed on a $500,000 loan to building owner Jonathan Iams.
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A commercial lending program aims to help businesses buy time and build wealth.