posted by Mike Madison at 2:52 PM /
From today's South section of the Post-Gazette:
Tom Stevenson is trying to get state law on public construction projects changed. The current law cost Mt. Lebanon School District extra money and time during the schools renovation project.
Recreational hunting is an option being considered as a measure to deal with Lebo's deer population, though any final decision seems to be a long ways off.
The Dormont pool needs $2.5mm of repairs and won't open this summer.
The Zamagias project for the corner of Bower Hill Road and Washington Road is moving through the Lebo planning process at the same time that it is moving through the process for considering a TIF.
Tom Stevenson is trying to get state law on public construction projects changed. The current law cost Mt. Lebanon School District extra money and time during the schools renovation project.
Recreational hunting is an option being considered as a measure to deal with Lebo's deer population, though any final decision seems to be a long ways off.
The Dormont pool needs $2.5mm of repairs and won't open this summer.
The Zamagias project for the corner of Bower Hill Road and Washington Road is moving through the Lebo planning process at the same time that it is moving through the process for considering a TIF.
1 Comments:
The Post-Gazette’s Zamagias story highlights a frequent complication with new development – disruption of the status quo. An apartment owner on Oak Way currently using the existing parking lot will lose this option for his tenants.
The Municipality, however, is championing a solution. Via Tax Increment Financing (TIF), the Municipality contemplates diverting future School District revenues to build parking spaces for the MTL Parking Authority. The Authority will in turn make these spaces available for area parking needs.
I continue to wonder: Why does the Parking Authority not invest some of its proceeds ($500,000+) from the Zamagias transaction OR use the revenue stream from leases on the new parking spaces to support the investment? It may just be economics. For each of the Parking Authority’s new 18 spaces, Zamagias is projecting a $30,000 construction cost. This is simply too much to bear for the Parking Authority.
However, with a 75% subsidy from school revenues and the balance from the County and Municipality, the Parking Authority will make out like a bandit.
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