Pittsburgh tax break for new housing is working, mayor says

Pittsburgh Post-Gazette - November 12, 2008
By Rich Lord

The City of Pittsburgh's 17-month-old tax break for new Downtown housing is starting to bear fruit, Mayor Luke Ravenstahl said at a press event today.

Mr. Ravenstahl visited 941 Penn Ave., a 17-unit condominium where people are just starting to move in.

"Things are not good in the economy, and we all know that," he said. But the success of the Downtown property, where 16 units are already sold, suggests that the city continues to experience good news, he said. "These are families that are moving here, staying here, and investing here."

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