URA Funds Penn Plaza Relocation
Neighborhood Allies will manage the activity for the city and will contract with Interstate Acquisition Services, which will handle the day-to-day relocation services, including meeting with residents, identifying additional resources and facilitating moves.
Authority Executive Director Robert Rubinstein said the funds will be allocated from an existing fund and repaid by pledges from the sale of city and URA-owned property and Tax increment payments diverted properties developed within the East Liberty Transit Revitalization District.
And though a portion of the housing will be designated for low-income residents, they will not be available in time for the 200 remaining Penn Plaza residents, who, per the agreement, must be moved within the next 12-15 months. Read more here.