Monday, August 11, 2014
PITTSBURGH (AP) — A group of foundations is announcing details of their plan to save Pittsburgh's debt-ridden August Wilson Center for African American Culture.
The groups, led by The Pittsburgh Foundation and The Heinz Endowments, say in a Monday statement that their $7.2 million bid and long-term plan would result in a debt-free building. A New York developer has bid $9.5 million for the property, and a judge has scheduled a Sept. 29 trial to determine if that sale can go through.
Heinz Endowments president Grant Oliphant says the bid from foundations, which includes $2.2 million in public funding, is the only one that will preserve the center's mission to promote African American arts and culture.
New York developer 980 Liberty Partners wants to add a 10-story hotel over the current property.