1. City of Pittsburgh – Department of City Planning Mayor’s Land Recycling Task Force Meeting VIII Final Meeting Friday, December 2, 2011 10AM – 12noon Luke Ravenstahl Mayor, City of Pittsburgh

2. City of Pittsburgh – Department of City Planning Agenda City of Pittsburgh – Department of Neighborhood InitiativesCity of Pittsburgh – Office of the Mayor Rob Stephany, Ex. Director, URA Kyra Straussman, Director, Real Estate, URA  Why We Need Land Recycling  How Action on Tax Delinquents Shifts Real Estate Markets  Land Banking and Tax Sale Reform  Recommendations and Action Steps

3.  16,239 Tax Delinquent Parcels  11% of Total City Parcels

4. Average Sales Price by Census Tract, 1986-1990

5. Average Sales Price by Census Tract, 1991-1995

6. Average Sales Price by Census Tract, 1996-2000

7. Average Sales Price by Census Tract, 2001-2005

8. Average Sales Price by Census Tract, 2006-2010

9. Larimer Acquisition  October, 2006  89 Parcels in Zone  17 are Publicly Owned  37 requested in September/December Treasury Sale 19% Public Ownership

10. Larimer Acquisition  July, 2007  184 Parcels in Zone (zone expanded)  51 are Publicly Owned  52 requested in March/May/August 2007 Treasury Sale 28% Public Ownership

11. Larimer Acquisition  October, 2008  184 Parcels in Zone  101 are Publicly Owned 55% Public Ownership

12. Larimer Acquisition  April, 2010  193 Parcels in Zone  105 are Publicly Owned 7.85 out of 13.5 Acres Are Publicly Owned 54% Public Ownership

13. Larimer Vision Plan

15. Larimer RFQ

16. Larimer Development Proposal - KBK

17. Homewood Acquisition  December, 2011  Total Parcels in Zone  1066 Parcels  Publically Owned  161 Parcels  Treasury Sale  183 Parcels 15% of Parcels Publicly Owned (currently) 32% of Parcels Publicly Owned (following treasury sales)

18. Homewood – “Bridging The Busway”

19. Homewood RFQ

20. Homewood Development Proposal

21. Land Banking and Tax Sale Reform  Mayor Luke Ravenstahl has been a leader in our Commonwealth for reclaiming vacant and tax delinquent properties We’re advocates for State legislative reform like HB 1682 land bank enabling legislation and related state legislation

22.  New Land Bank Authority  URA enhanced mission  Non-profit Organization  City Bureau  Or… Land Banking and Tax Sale Org. Options

24. Recommendations and Action Steps  Our current system works, is fully funded and creates net positive revenue  Land recycling budget review

25. Action Steps: 2012  Enable and appoint a Land Recycling Standing Committee  Use funds created by the Land Recycling system  Enable current system to coordinate, expand toward comprehensive land recycling  All spending directed towards more neighborhood demolition, greening, development and property management that creates value

26. Land Recycling Committee’s Charge Deliver highest and best use of that investment capital to generate the largest return possible in terms of dollars and livability

27. Land Recycling Committee’s 2012 goals  Act on 30% of the delinquent portfolio assumed abandoned and uncollectible, and  Bring up to 30% of that part of the delinquent portfolio back to taxable status or productive reuse

28. THANK YOU FOR YOUR SERVICE Mayor Luke Ravenstahl pittsburghpa.gov/landrecycling