Molchany announces $3.4 M in grants for local projects
Last updated 9/16/2014 at 5:42am
State Rep. Erin Molchany, D-Allegheny, announced the state has committed more than $3.4 million in funding for two local projects.
“These funds will help create jobs, strengthen our communities and stimulate the growth of our regional economy,” Rep. Molchany said.
The Carnegie Museums of Pittsburgh has been awarded a $420,000 grant from the CFA’s Gaming Economic Development and Tourism Fund program to preserve and protect the historic USS Requin. One of the first American spy submarines, the USS Requin has been an educational Pittsburgh attraction for nearly 25 years.
However, a recent structural marine survey discovered deterioration and confirmed the need for repairs. The GEDF funds will be used for specialized exterior paint, which will preserve and protect the vessel for several decades.
Also, a $3 million grant from the Commonwealth Financing Authority’s Multimodal Transportation Fund will be used to defray site work and initial construction costs associated with the Waverly Terrace Project in Castle Shannon Borough.
The project includes construction of two apartment buildings, a two-level parking garage, a pedestrian and bike trail, a fitness center, a sports court and a new public access road. In addition, improvements will be made to a surface parking lot serving the Castle Shannon Municipal Building, and to an adjacent community park. The Waverly Terrace project, which is estimated to have a final cost of $30 million, is consistent with Allegheny County’s existing comprehensive plan to develop underutilized properties for Transit-Oriented Development.