Darning the region
the Trib has big, if not entirely unexpected, news. When Alcoa itself moved out of the now "old" Alcoa building it was news enough to make the NYT. I always thought Paul O'Neill was something of a genius for getting the building off his books so quickly and with scads of earned media to boot. 1996 was not the worst, but far from the greatest of years for the Downtown real estate market and I wonder what the market would have paid for it back then. I'll let others comment on the symbolism of this past headline from soon after it was rechristened: A Skyscraper Symbolizes New Regional Coherence. Big wonk (capital W)/Columnist/Urbanist Neil Pierce once wrote about the building: Knitting Pittsburgh Together. With aluminum thread no less I am sure.
and incidental to all that... a $10mil building put onto the property tax rolls is a palpable bump to city and school district property tax collection. Would it also be hit by the huge transfer tax as well? Could be enough for more than a few miles of asphalt.