“We’re going to become a global model of economic development”

By March 25, 2014Blog

Mayor Peduto conducts tour of Strip District, Almono riverfront sites

From the Pittsburgh Post-Gazette:

March 24, 2014–In the coming decade, people will want to move into cities, not out of them. They’ll be less concerned about owning cars and where to park them and more concerned about public transit. And they won’t want to go to work in far-flung industrial parks miles from urban centers.

That’s according to Bruce J. Katz, vice president of the Brookings Institution, who called the coming decade “incredibly disruptive,” a time when a nation that has perfected suburban sprawl will have to readjust its priorities and its vision for development. And the good news, he told Pittsburgh Mayor Bill Peduto and some 50 developers, philanthropists and mayoral staffers, is Pittsburghers “have the ability to situate yourself … to be the vanguard of the new economy.”

Mr. Katz was the keynote speaker at a summit held Monday in a packed conference room at Carnegie Mellon University. The goal of the summit, which included a variety of speakers, was to develop an action plan for “21st Century Economic Development.” The high-profile attendees included representatives from the developers behind some of the city’s largest ongoing projects, including Buncher Co., which has been in talks to remake the Strip District produce terminal; Walnut Capital, the firm behind the remade Bakery Square; and Oxford Development, which has several projects Downtown.

Read the full article by the P-G’s Moriah Balingit
Photo: Rebecca Droke/Post-Gazette