Downtown Lures Residents

Pittsburgh Tribune-Review - November 13, 2008
By Jeremy Boren

Pittsburgh's strategy to lure people to live Downtown with the promise of 10-year tax abatements is showing signs of success, city officials said Wednesday.

Bearing a gift basket of Merlot, biscotti and bags of gourmet coffee, Mayor Luke Ravenstahl welcomed Todd and Dorna Palcic to their new two-bedroom condominium at 941 Penn Avenue Residences, a renovated 17-unit luxury apartment building that has only one unit available.

"The (tax) abatement made it possible to buy an expensive place, where otherwise we wouldn't have done that," said Todd Palcic, 34, the vice president of a small technology company.

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