Pittsburgh has one of the most lucrative innovation districts in the country, and even more development investment is on the way.
Lauren Rosenblatt reports:
The Pittsburgh Innovation District — the stretch of businesses, residential buildings and university facilities in and around Oakland — will benefit from $1.9 billion in investments slated for the area, according to new data from InnovatePGH, the public-private partnership that is pushing development in the Oakland corridor.
That includes investments in office development, healthcare, residential uses, infrastructure, and more, according to the article.
Rosenblatt credits a 2017 study from the Brookings Institute for the genesis of the Pittsburgh Innovation District.
"That study, which was funded by the Hillman Family Foundation and the Heinz Endowments, concluded that Pittsburgh could do more to take economic advantage of what it called the “naturally occurring innovation district” in the corridor surrounding the University of Pittsburgh, Carnegie Mellon University and UPMC."
FULL STORY: Pittsburgh Innovation District sees $1.9B in investments for office, residential and campus projects
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