Dive summary:

• The 178-acre former LTV Steel property on the Monongahela riverfront is Pittsburgh's last major ex-industrial parcel from the city's steel-making heydays.
• The Urban Redevelopment Authority has begun the process to win approval for tax-increment financing for a $1 billion redevelopment scheme.
• The plan calls for 2.1 million square feet of research and office space for high-tech companies and more than 1,200 residential units on the property that has been ignored for 15 years.

From the article:

According to the Pittsburgh Tribune-Review, the project’s public infrastructure could benefit from as much as $90 million in the form of loans from the foundations. ...