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$4 Billion In Investments, Development Planned For Pittsburgh

PITTSBURGH (KDKA) - The City of Pittsburgh is growing.

On Tuesday, officials announced the plans for more than $4 billion in investment and development throughout the city.

Pittsburgh is certainly not what it once was. The city is now on the rise to a new beginning and it is getting noticed.

"From National Geographic, from economists, to Forbes, have ranked Pittsburgh as one of the number one places to work, live and visit," Steven Irwin from Leech Tishman said.

"The good news is, we continue to expand and grow as our economy grows in so many ways," Allegheny County Executive Rich Fitzgerald said.

Those accomplishments were applauded during the 2012 Pittsburgh Downtown Partnership's annual meeting.

There are now five new goals laid out for another five years of success by working to create a clean, economically vibrant city and a destination for visitors and new residents.

The PDP said they're prepared to take on these tasks and challenges.

Billions have already been spent to sustain downtown Pittsburgh's economy over the last several years and almost $2 billion more is expected in planned investments.

One such plan is PNC Tower, which will be a $400 million project that will create 3,000 jobs and be the world's greenest skyscraper.

"Where else in the county, what city can say they have a corporation like PNC that are building a $400 million skyscraper in their downtown?" Mayor Luke Ravenstahl said.


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