east liberty station: realizing the potential - City of Pittsburgh

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Appendix III - elTRID Pledged Income Tax Increment - Years 1-5 Development Projects Use Square Footage or Rooms Employees Per 1,000 SF or Room Employment Projection Average Annual Wage Rate Total Annual Wages City of Pittsburgh Income Tax Pittsburgh Public School District Income Tax Total Annual Income Tax Increment Available Hotel 65 0.03 2 25,000 48,750 488 488 975 Mixed-Use Bldg 1: Retail (2) 8,500 6 17 25,000 425,000 4,250 4,250 8,500 Theater (3) 30 25,000 750,000 7,500 7,500 15,000 Office 63,000 2.5 158 75,000 11,812,500 118,125 118,125 236,250 Mixed-Use Bldg 2: Retail 24,000 2 48 25,000 1,200,000 12,000 12,000 24,000 Office 75 2.5 0 75,000 14,063 141 141 281 285,006 228,005 (1) Over Life of the TRID: 3,876,085 (1) Discounted not all workers will live in the City of Pittsburgh. (2) Assume restaurant use. (3) From ERA Study.
Appendix III - elTRID TRID Fund Balance - Years 1-5 Development Projects Annual Property Tax Increment Available Annual Income Tax Increment Available Proceeds to Eastside (1) Total Total with Income Tax Increment 1 - - - - - 2 198,222 75,000 123,222 - 123,222 3 284,875 100,000 184,875 - 184,875 4 403,389 200,000 203,389 - 203,389 5 403,389 200,000 203,389 228,005 431,394 6 403,389 200,000 203,389 228,005 431,394 7 403,389 200,000 203,389 228,005 431,394 8 403,389 200,000 203,389 228,005 431,394 9 403,389 200,000 203,389 228,005 431,394 10 403,389 200,000 203,389 228,005 431,394 11 403,389 200,000 203,389 228,005 431,394 12 403,389 200,000 203,389 228,005 431,394 13 403,389 200,000 203,389 228,005 431,394 14 403,389 200,000 203,389 228,005 431,394 15 403,389 200,000 203,389 228,005 431,394 16 403,389 200,000 203,389 228,005 431,394 17 403,389 200,000 203,389 228,005 431,394 18 403,389 200,000 203,389 228,005 431,394 19 403,389 200,000 203,389 228,005 431,394 20 403,389 200,000 203,389 228,005 431,394 7,340,718 3,575,000 3,765,718 3,648,080 7,413,798
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EAST LIBERTY STATION: REALIZING THE
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Table of Contents EXECUTIVE SUMMARY
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promotion of transit oriented devel
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and improve environmental quality.
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- 163,995 SF Mixed-Use Commercial -
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capture to fund these improvements.
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13 1. TRANSIT ORIENTED DEVELOPMENT
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TOD Typologies In recent years CTOD
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4. Maximize station connectivity an
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Station Case Study: Del Mar Station
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Station Case Study: Hiawatha and La
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24 Shady Avenue East Liberty TRID S
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26 Population Density along the Eas
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28 Classifying East Liberty Station
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30 Downtown 6,675 people 48,889 job
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32 EAST LIBERTY STATION WALKING-SHE
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34 East Liberty & the TOD principle
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36 4. Maximize station connectivity
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38 6. Manage parking effectively. T
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40 Transportation Analysis Issues a
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EAST LIBERTY LAND USE 42 Key Commer
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Study Area City of Pittsburgh 44 To
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46 Zoning Analysis The zoning aroun
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EAST LIBERTY 2010 COMMUNITY PLAN: D
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50 Development Guidelines for the C
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52 Source: ELDI 2010 East Liberty C
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54 Around the same time as Eastside
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56 Market Conditions Commercial: Ea
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58 along Center Avenue dominate the
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3. TRID RECOMMENDATIONS East Libert
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APPLYING THE TOD PRINCIPLES TO EAST
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64 Recommended Infrastructure Impro
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66 EAST LIBERTY STATION IMPROVEMENT
Page 69 and 70: Reconfiguring the Station for Conne
Page 71 and 72: A New Gateway to East Liberty and t
Page 73 and 74: Connecting East Liberty and Shadysi
Page 75 and 76: 75 East Liberty Station Redesign: P
Page 77 and 78: Near-term: Intersection improvement
Page 79 and 80: in diameter to accommodate forecast
Page 81 and 82: IMPLEMENTING PREVIOUSLY IDENTIFIED
Page 83 and 84: TRANSIT ORIENTED DEVELOPMENT SITE I
Page 85 and 86: Retail Office Hotel Housing Parking
Page 87 and 88: Existing Zoning and TOD While the e
Page 89 and 90: THE PROPOSED TRID BOUNDARY The iden
Page 91 and 92: PROPOSED TRID BOUNDARY & PHASING Ye
Page 93 and 94: an extended Ellsworth Avenue corrid
Page 95 and 96: DRAFT Financing TOD Urban, mixed-us
Page 97 and 98: established mechanism of municipal
Page 99 and 100: infrastructure for Eastside III & I
Page 101 and 102: Strategy for Future Phases As revit
Page 103 and 104: would As mentioned, serve a there d
Page 105 and 106: elTRID Approval and Implementation
Page 107 and 108: Appendix I - elTRID Total Annual TR
Page 109 and 110: Appendix II - elTRID Real Property
Page 111 and 112: Appendix II - elTRID Potential TRID
Page 113 and 114: Appendix II - elTRID Potential TRID
Page 115 and 116: Appendix III - elTRID Private Devel
Page 117: Appendix III - elTRID Pledged Real
Page 121 and 122: Appendix IV - elTRID Real Property
Page 123 and 124: Appendix IV - elTRID Potenital TRID
Page 125 and 126: Appendix IV - elTRID Potential TRID
Page 127 and 128: Appendix V - elTRID Pledged Real Pr
Page 129 and 130: Appendix V - elTRID TRID Fund Balan
Page 131 and 132: Appendix VI - elTRID Real Property
Page 133 and 134: Appendix VI - elTRID Pledged Income
Page 135 and 136: Appendix VII - elTRID FUNDING AND D
Page 137 and 138: “Construction Agreements” means
Page 139 and 140: principal invested or any penalty f
Page 141 and 142: developer shall timely honor all re
Page 143 and 144: LIABILITY OF THE COMMONWEALTH OF PE
Page 145 and 146: (b) Private developer shall abandon
Page 147 and 148: IN WITNESS WHEREOF, the parties to
Page 149 and 150: EXHIBIT B REQUISITION FORM
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