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Station Square Project Gets Local Support

PENNSYLVANIA – As reported by the Pittsburgh Post Gazette: "A South Side community group has decided that the best bet for Pittsburgh's slot machine casino is right in its back yard.

"At a news conference yesterday, the South Side Local Development Co. threw its support behind the bid by Forest City Enterprises to build a casino at Station Square.

"The endorsement came in conjunction with an agreement reached between the developer and the nonprofit group under which Forest City pledged to provide money for community-related programs and initiatives.

"As part of a state tax credit program, Forest City would give $150,000 a year for 10 years to the South Side group for community projects if it gets the casino license, or $50,000 a year for five years if it doesn't.

"In exchange for the contributions, the developer could be eligible for tax credits of 70 percent under the Neighborhood Partnership Program, assuming the arrangement is approved by the state's Department of Community and Economic Development…"

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