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Pittsburgh City Council

Council to Use Future Tax Revenue to Fund Infrastructure for North Side Esplanade (Ferris Wheel) Development.

Written by Amy Whipple

  • Council President Lavelle clarified that the motion before the council is solely for creating the TRID—a financing tool that leverages future tax revenue to fund transit-oriented development (TOD) projects. Future developments, including high-end and affordable apartments and retail/dining establishments, will need additional approvals.
  • The area currently generates $84K in annual taxes. After the project’s completion, it is projected to generate an estimated $8 million, with 75% reinvested on-site and in the Manchester neighborhood; the remaining 25% would still more than double the current tax base.
  • In a preliminary vote, the council enthusiastically approved the plan and commended Councilperson Lavelle for involving Manchester residents in advocating for their needs. A final vote is scheduled for next Tuesday’s general meeting. The plan also requires approval from County Council and the Pittsburgh Public School Board.

Connections to this story

Topics:
Economic DevelopmentInfrastructure
Governments:
Pittsburgh City Council
Public meetings:
City Council · February 18, 2025

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