Courtesy of the Larimer Vision Plan
Workforce development and for-sale affordable homes are part of the Larimer Vision Plan. On Tuesday, City of Pittsburgh officials announced that a tax diversion program will send a $1 million grant to each initiative. The money comes from the latest phase of developer Walnut Capital’s Bakery Square project.
Bakery Square sits within the Transit Revitalization Investment District or TRID, which extends outward from the busway’s East Liberty stop in a half-mile radius. Instead of all of the tax dollars generated there going to the city, Allegheny County and Pittsburgh Public Schools, the TRID allows some revenue to be used to fund things like new bus stops or affordable housing.