east liberty station: realizing the potential - City of Pittsburgh
east liberty station: realizing the potential - City of Pittsburgh
east liberty station: realizing the potential - City of Pittsburgh
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Appendix II - elTRID<br />
Pledged Income Tax Increment - Eastside III & IV TOD Project<br />
Use<br />
Square Footage or<br />
Rooms<br />
Employees Per<br />
1,000 SF or Room<br />
Employment<br />
Projection<br />
Average<br />
Annual Wage<br />
Rate<br />
Total Annual<br />
Wages<br />
<strong>City</strong> <strong>of</strong><br />
<strong>Pittsburgh</strong><br />
Income Tax<br />
<strong>Pittsburgh</strong><br />
Public School<br />
District Income<br />
Tax<br />
Total Annual<br />
Income Tax<br />
Increment<br />
Available<br />
Hotel 127 0.03 4 25,000 95,250 953 953 1,905<br />
Mixed-Use Bldg 1:<br />
Retail 19,390 2 39 25,000 969,500 9,695 9,695 19,390<br />
Office 68,550 2.5 171 75,000 12,853,125 128,531 128,531 257,063<br />
Mixed-Use Bldg 2:<br />
Retail 12,105 2 24 25,000 605,250 6,053 6,053 12,105<br />
Office 46,080 2.5 115 75,000 8,640,000 86,400 86,400 172,800<br />
463,263<br />
370,610 (1)<br />
Over Life <strong>of</strong> <strong>the</strong> TRID:<br />
6,300,370<br />
*Discounted not all workers will live in <strong>the</strong> <strong>City</strong> <strong>of</strong> <strong>Pittsburgh</strong>.
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