HARRISBURG, Jan. 24 – State Rep. Jake Wheatley announced that the Commonwealth Financing Authority approved funding that will finance ongoing development of an abandoned Pittsburgh steel mill site.
Developer RIDC Southwestern Pennsylvania Growth Fund requested the funding—including $4 million in grant money and a $6 million loan—for the second phase of its ongoing efforts to redevelop the abandoned, 12.6-acre mill.
Wheatley applauded the CFA’s decision, which he said can spur economic growth.
“In particular, if we fully utilize minority-owned, women-owned and veteran businesses, in order to employ the many diverse Hazelwood residents, that economic growth could be exponential,” Wheatley said.
The mill is part of Hazelwood Green, a 178-acre site that is Pittsburgh’s last urban brownfield. RIDC assumed ownership of the mill last year and is developing the site in two phases. The first phase, which is currently under construction, will house a 60,000-square-foot Carnegie Mellon University research center. The second phase is a 70,000-square-foot, three-story building that will include flex office spaces and a ground-floor garage, lab and workshop space.
The approved funds will come from the Business In Our Sites program, which helps communities build an inventory of ready sites to attract new businesses.