Governor Rendell Announces Investment in University's Urban Park Wednesday, December 15, 2010
On December 13, Governor Edward G. Rendell said Pennsylvania has awarded $84 million for 19 projects throughout Allegheny County that will provide the foundation for the creation of more than 10,000 new jobs. As one of these awardees, Point Park University will receive a $2.5 million Redevelopment Assistance Capital Program (RACP) grant from Governor Rendell for the construction of a park at Wood Street and Boulevard of the Allies.
The new urban park will improve the quality of life for students, visitors and residents of the neighborhood by replacing a surface parking lot with greenery and water features. It is a key component of the Academic Village at Point Park University.
Funding for the 19 projects comes from the state's Redevelopment Assistance Capital Program, which operates on a reimbursement basis as construction expenses are billed and paid on projects that have been approved by the General Assembly and signed into law by the Governor.
Construction on the urban park began this fall and is scheduled to be completed in fall 2011.
Learn more about Point Park's urban green space.