PITTSBURGH-During a visit to Carnegie Mellon University, Gov. Ed Rendell handed out a total of $24 million in state grants to fund six projects here. Among them is a $4-million check for the university's planned Commercialization Center for Nano-Enabled Technologies. The estimated cost of the 180,000-sf facility, which will be devoted to research in nano-technology, is $66 million.
Another $4 million went to the Urban Redevelopment Authority for an initial phase of expansion of the Pittsburgh Technology Center. The overall project calls for up to one million sf of research and development space along with light industrial and complementary retail.
The North Field Development Project near the airport received $7 million for the opening phase of a 400-acre development. This phase encompasses 80 acres and the creation of two flex warehouse sites and two air cargo facilities. It is expected to attract $25 million in private sector investment and contain approximately 600,000 sf of building space.
The Children's Institute and Children's Home of Pittsburgh received $2 million and $4.5 million, respectively. The institute will use the funding to renovate its Squirrel Hill facility, expand capacity from 39 to 80 beds and add five classrooms. Children's Home plans a $20-million construction project.
The Urban Redevelopment Authority also received $2.5 million to begin conversion of a former 123-acre brownfield site into South Shore Riverfront Park. The total projected cost is $30 million.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
