Ownership

Stadium Authority History

Stadium Authority History The Stadium Authority of the City of Pittsburgh was formed by the City of Pittsburgh on March 9, 1964 pursuant to the provisions of the Public Auditorium Authorities Law of the Commonwealth of Pennsylvania approved July 29, 1953, P.L. 1034, as amended (recodified as the Sports and Exhibition Authority Act 16 P.S. Section 5502-A et seq.). The Stadium Authority was responsible for the construction of Three Rivers Stadium and related parking facilities, which began on April 25, 1968.

The stadium, which seated 47,972 for baseball and 59,000 for football, opened on July 16, 1970. Three Rivers was demolished in February 2001 to make room for Acrisure Stadium, the new home of the Pittsburgh Steelers and University of Pittsburgh Panthers. North Shore - 1980s North Shore - Present Board Members & Staff Five members serve on the Stadium Authority's Board of Directors, appointed by the Mayor of Pittsburgh.

The Sports & Exhibition Authority of Pittsburgh and Allegheny County (SEA) and the Stadium Authority (SA) operate in cooperation with each other. Both have the same Executive Director and use the same staff. Assets and Development Projects The Stadium Authority currently owns West General Robinson Street Garage (WGRS Garage), Gold 1 Garage as well as the surface lots between PNC Park and Acrisure Stadium, a portion of which is known as the Option Area (see below).

The Stadium Authority also leases land from PennDOT north of PNC Park to operate as surface parking (the "7" Lots). On May 1, 1966, the Stadium Authority, Pittsburgh Associates, Pittsburgh Steelers Sports, Inc., and Parking Authority entered into a lease with ALCO with respect to surface parking in the North Shore related to development of Three Rivers Stadium. That lease was replaced by a new Lease Agreement dated November 30, 1999 among the Stadium Authority, the SEA, and ALCO.

The new lease provided for amendments to the lease terms that permitted the following improvements and operations: Demolish Three Rivers Stadium Construct Acrisure Stadium and PNC Park Shift North Shore Drive northward to create a meaningful riverfront park Operate the 7 Lots north of PNC Park, and lots north of Acrisure Stadium owned by the SEA Create a new street grid including Tony Dorsett Drive, the widening Mazeroski Way, and Chuck Noll Way Option Area The Stadium Authority, the SEA, the Pirates, and the Steelers entered into a mutual agreement (the Option Agreement) with respect to future North Shore development.


Section
Ownership
Length
5 paragraphs as published