Extension granted on North Shore site
The Pittsburgh Stadium Authority board gave Continental Real Estate Cos. a 31-day extension Wednesday to close on the purchase of a 1.3-acre parcel of land on the North Shore for a proposed three-story office and retail development. Continental, hired by the Steelers and the Pirates to develop the land between Heinz Field and PNC Park, was supposed to close on the deal by the end of June. But Barry Ford, the firm's director of development, said the company is still waiting for the construction bids to come in. He told board members Continental can't complete its financing until it knows how much the complex will cost. Board members approved the extension in a 3-0 vote, with one abstention.
Legislators want to decide on nonprofits
State legislators have passed a bill that would give them final authority to decide which groups are purely public charities -- and, by extension, which groups should enjoy tax-exempt status. Supporters, including the Hospital and Healthsystem Association of Pennsylvania and United Way of Pennsylvania, say the bill will provide consistency in deciding what qualifies as a charity. Opponents, meanwhile, see it as a move to block local governments from challenging a group's nonprofit status in court, as the City of Pittsburgh is doing with UPMC. Because the bill would amend the state constitution, it must pass both houses again in the next legislative session and then go before voters in a statewide referendum.
Wabtec announces contract with MBTA
Wilmerding-based Wabtec Corp. announced Wednesday that its MotivePower unit has a contract with the Massachusetts Bay Transportation Authority to supply 13 additional next-generation passenger locomotives to be delivered in 2014. The locomotives are manufactured in Boise, Idaho, with major components supplied by GE Transportation in Erie. The contract is valued at more than $70 million.
Duane Morris selects head of Pittsburgh office
Philadelphia-based law firm Duane Morris named Kenneth Argentieri, a lawyer with the firm since 2007, head of its Pittsburgh office Wednesday. Mr. Argentieri, who has worked as a trial attorney for 25 years, is the incoming president of the Allegheny County Bar Foundation and past president of the Neighborhood Legal Services Association.
Avere Systems to work with Library of Congress
Avere Systems, a North Hills-based data storage company, announced it will work with the Library of Congress to improve its storage infrastructure. Avere's FXT Series Edge Filers program will support the Library of Congress' website and file repositories. Financial terms were not disclosed.
From staff and wire reportsbusinessnews