An upscale hotel will be the first major development spawned by the $290 million arena that will be the new home of the Penguins.The team is expected to announce a deal today with Horizon Properties Group to build a 130- to 150-room hotel on Centre Avenue next to the arena.
It will mark the team's first bid to fulfill the development potential associated with the arena project, which is being built with annual contributions from the city's casino (now under construction), state development funds backed by slot machine revenues and Penguins contributions.
An upscale hotel will be the first major development spawned by the $290 million arena that will be the new home of the Penguins.
The team is expected to announce a deal today with Horizon Properties Group to build a 130- to 150-room hotel on Centre Avenue next to the arena.
It will mark the team's first bid to fulfill the development potential associated with the arena project, which is being built with annual contributions from the city's casino (now under construction), state development funds backed by slot machine revenues and Penguins contributions.
I think this is another step in the rebuilding of the area as well as a good sign of what is yet to come for the arena and the Pittsburgh Penguins.
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