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INTRODUCTION TO REGIONAL DESTINATION FINANCING PLAN
The Regional Destination Financing Plan was developed in 1998. It included construction of PNC Park, Heinz Field, the David L. Lawrence Convention Center expansion, riverfront development, and related infrastructure and parking development. Funding sources and uses include the following:
| Sources of Funds |
|
|
Uses of Funds |
|
| RAD (Sales Tax) Bonds |
$173,028,898 |
|
PNC Park |
$270,776,326 |
| Hotel Tax Bonds |
185,129,132 |
|
Heinz Field |
261,089,461 |
| Parking Revenue Bonds |
27,633,737 |
|
North Shore Infrastructure |
63,630,441 |
| State Funds |
338,300,000 |
|
North Shore Garage |
28,230,198 |
| Football Contribution (private) |
62,378,279 |
|
North Shore Riverfront Park |
30,307,159 |
| Personal Seat License Fee |
|
|
Convention Center |
373,000,000 |
| Baseball Contribution (private) |
|
|
Convention Center Infrastructure |
43,283,811 |
| Federal Funding |
|
|
|
|
| Interest |
31,820,387 |
|
|
|
| Stadium Authority |
15,457,649 |
|
|
|
| Foundations |
17,136,527 |
|
|
|
| Insurance |
12,143,786 |
|
|
|
| Capital Campaign |
5,469,063 |
|
|
|
| Other |
55,778,463 |
|
|
|
|
|
|
|
|
| Total Sources |
$1,070,317,396 |
|
Total Uses |
|
Last Updated
2/1/08
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