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Sen. Fontana Announces State Funds for Three Local Projects
On November 23, 2016
HARRISBURG, November 23, 2016 – State Sen. Wayne D. Fontana today announced a total of $4.5 million in state grant funds for three Allegheny County projects.
“These funds will be used for land development, revitalization and as economic generators in our region,” Fontana said. “I will continue to seek state support to advance our county’s economic expansion.”
The state Redevelopment Assistance Capital Program (RACP) projects approved today include:
- $1.5 million to Oxford Development for a new Riverfront Office Complex at Three Crossings, a mixed-use development located between 25th and 27th streets on the Allegheny River. The office complex will consist of two four-story, 125,000 Square-feet buildings.
- $1 million to the Ferchill Group for the Heinz Lofts II development project. The development is expected to help transform a vacant 1930s historic building in Pittsburgh’s Troy Hill neighborhood (North Side) into energy efficient, cutting-edge market-rate housing. While maintaining the historic features of the building, the renovation will create 173 new apartments, including micro-units.
- $2 million to the Redevelopment Authority of Allegheny County for the 78-acre Sports & Athletics Complex at Montour Junction in Coraopolis. The project will include site preparation, construction of three synthetic turf fields with lighting, a parking lot and fencing. Smaller portions of the site are located in neighboring Moon and Robinson townships.
Fontana said the RACP program is used for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. Qualifying projects have a regional or multi-jurisdictional impact, help create or maintain jobs, and generate economic activity.