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 IV - elTRID<br />
Pledged Income Tax Increment - Fromer Reizenstein School Redevelopment 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 (1)<br />
Mixed-Use Bldg 1:<br />
Retail 30,000 2 60 25,000 1,500,000 15,000 15,000 30,000<br />
Office 90,000 2.5 225 75,000 16,875,000 168,750 168,750 337,500<br />
Mixed-Use Bldg 2:<br />
Retail 30,000 2 60 25,000 1,500,000 15,000 15,000 30,000<br />
Office 90,000 2.5 225 75,000 16,875,000 168,750 168,750 337,500<br />
Mixed-Use Bldg 1:<br />
Retail 30,000 2 60 25,000 1,500,000 15,000 15,000 30,000<br />
Office 90,000 2.5 225 75,000 16,875,000 168,750 168,750 337,500<br />
1,102,500<br />
882,000<br />
Over Life <strong>of</strong> <strong>the</strong> TRID:<br />
13,230,000<br />
(1) Discounted not all workers will live in <strong>the</strong> <strong>City</strong> <strong>of</strong> <strong>Pittsburgh</strong>.
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