Letter to the editor: Obey law at Penn Plaza
You may have heard everything has been resolved at Penn Plaza. LG Realty won its appeal, and there’s a consent agreement in place to fund affordable housing.
Here’s what you haven’t heard: The agreement would never hold up in court because it violates the Transit Revitalization Investment District (TRID) Act.
The commonwealth enacted the TRID Act to make funds available for infrastructure improvement within a half-mile radius of a transit-oriented development, which in this case is the MLK Jr. East Busway East Liberty Station.
According to the Pennsylvania Department of Community and Economic Development, “an eligible project is defined as development or improvement within a TRID, including construction, infrastructure and site preparation, reconstruction or renovation of a facility within a TRID which will result in economic development or transit-oriented development in accordance with the TRID and the TRID planning study.”
Affordable housing is not infrastructure improvement; it’s not transit-oriented or economic development, and is therefore not an eligible use of TRID funds.
Follow the law -- use the TRID to fix the grid.