PITTSBURGH - Allegheny County Executive Rich Fitzgerald and Mayor Bill Peduto announced Monday that the Sports and Exhibition Authority has reached agreement with the Pittsburgh Steelers on Heinz Field capital projects.
The agreement will be voted on by the SEA Board at a special meeting Tuesday morning.
The agreement provides for additional seats and a scoreboard, an improved control room and also creates a multi-facility reserve fund.
Allegheny County Executive
“After a lot of work and discussion by all parties, I am pleased that an agreement with the Pittsburgh Steelers has been reached that will allow for improvements at Heinz Field without taxpayer dollars being used. Being able to resolve this in a manner that protects our taxpayers, but also allows the Steelers to move forward and allows the SEA the ability to address long-term needs at all of its facilities is a positive outcome for everyone involved.”
Mayor, City of Pittsburgh
"I am pleased that this project at Heinz Field is being completed without any public dollars, which are increasingly scarce. Any decisions regarding the future commitment of public investment into the combined reserve fund, whether by the SEA or RAD, for future capital improvements to the stadiums will need to be matched by significant private dollars, and follow a public process involving an annual assessment by the SEA of the most critical capital needs, and a vote by the RAD board."
Mike Dunleavy, Vice Chairman
Sports & Exhibition Authority Board
“I am proud to have participated in an effort that yielded a true win-win outcome for this region. This was made possible due to the leadership of County Executive Rich Fitzgerald, Mayor Bill Peduto, SEA Chairman Wayne Fontana and Pittsburgh Steeler President Art Rooney. From the very first meeting, everyone involved in this process agreed on two things: that no taxpayer money be spent and that a permanent fund should be established for future needs at all the SEA-owned venues. Both of these objectives were met while at the same time making possible a project that will generate more tax revenue and create employment opportunities. I congratulate everyone involved in this effort; in particular, SEA Director Mary Conturo and her staff on a job well done.”
Art Rooney II, President
“We are pleased that an agreement with the SEA has been reached that will allow for the expansion of Heinz Field in the South Plaza. With the new general reserved seats, club seats and new high-definition scoreboard, we believe these additions will play an important part in making sure Heinz Field continues to be a state-of-the-art facility for our fans.
“The new agreement provides that the Steelers will make an annual lease payment to the SEA of approximately $2.1 million per year through the end of the lease. The new Steelers rent payment will cover 100 percent of the annual debt obligation under the new SEA bond issue. Additionally, the Steelers will manage the project and cover all project cost overruns, if any occur. The team also has agreed to a new $1 ticket surcharge starting in 2015 to help fund new capital repairs for the future.
“With approximately 3,000 new seats being added, we will be able to provide many of our Waiting List fans the opportunity to become season ticket holders.”
Steve Pederson, Athletic Director
University of Pittsburgh
“We are very pleased that this important project is moving forward. Pitt fans will be the real beneficiaries of these enhancements. This will ensure that the college football experience at Heinz Field remains state-of-the-art in every regard.”
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