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east liberty station: realizing the potential - City of Pittsburgh

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Appendix VI - elTRID<br />

Pledged Income Tax Increment - Year 10+ Development Projects<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 />

Stand Alone Commercial 20,000 2 40 25,000 1,000,000 10,000 10,000 20,000<br />

Stand Alone Commercial 15,000 6 90 25000 2,250,000 22,500 22,500 45,000<br />

65,000<br />

52,000 (1)<br />

Over Life <strong>of</strong> <strong>the</strong> TRID:<br />

780,000<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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