U.S. Steel ices development plan
PITTSBURGH – United States Steel Corp. pulled out of a deal to build its new world headquarters as part of an ongoing redevelopment of the former Civic Arena site by the NHL’s Pittsburgh Penguins.
Thursday’s decision comes almost exactly a year after company, team, local and state officials announced the plans at the Consol Energy Center, the Penguins new arena.
The arena sits across the street from the site where a team-controlled subsidiary planned to complete the project before U.S. Steel’s lease expires at its current downtown location.
Local government and team officials say the loss of U.S. Steel won’t stop the estimated $440 million redevelopment project. And U.S. Steel says it will honor its current lease at the 64-story U.S. Steel Tower, which expires in September 2017.