By next year, Point Park University will complete the construction of a park at Wood Street and Boulevard of the Allies, Downtown, as part of its $244 million academic village project, according to university officials.
The board of directors of the Allegheny County Economic Development Community Infrastructure and Tourism yesterday awarded the university $250,000 to start construction of the park in the fall.
Mariann Geyer, vice president for university advancement, said the space will be the "first very visible piece" of the academic village, which is slated to be completed by 2015. The park will include a water feature and space for retail and restaurant amenities, Ms. Geyer added. The park will replace the corner parking lot, which is currently owned by the university.
University officials originally estimated the costs for the park's construction as $4 million to $5 million. Since then, park costs have grown to $7.5 million, Ms. Geyer said.
In addition to the $250,000 infrastructure and tourism grant, Point Park officials also will use a $1.5 million anonymous donation to build the park.
Also at the meeting, the CIT board of directors also awarded the Monroeville Sports Complex $50,000 to launch a study into whether to expand and renovate the 40-year-old complex.