Casino Led Renaissance?
Speaking at the Pittsburgh Downtown Partnership’s annual meeting, Mayor Ravenstahl told his audience that 2008 building permits for large scale projects ($10 million or greater) showed that Pittsburgh was experiencing its third renaissance. Does the permit data really suggest yet another renaissance is underway? Unfortunately for the Mayor, a closer examination of the permit numbers calls into question the notion that a renaissance is at hand. Two serious flaws are discovered in this closer inspection. One, the Mayor’s permit total is far higher than the true total. And second, the renaissance, if there is one, is casino driven. Continue