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Coyle site to be prepared for new development

Charleroi, PA, July 25th, 2019 –The Mon Valley Alliance (MVA), owner of the blighted Coyle building in Charleroi, PA, has announced plans to demolish the structure and prepare the site for new development, according to Ben Brown, it’s CEO.

“A demolition contract has been executed. Environmental remediation will be the first phase, followed by disconnection and relocation of utility lines, the building demolition, preparation of the lot, and marketing/sale of the property for new development” Brown said. The entire demolition and remediation process is expected to take a few months, pending weather and utility scheduling.

Since its purchase of the property in 2016, the MVA has worked, along with its partners and community leaders, to determine an appropriate use of the property that best supports its mission of economic development and job creation in the Mid Mon Valley Area.

Over the course of its ownership, MVA diligently evaluated a variety of options for the property, committing significant internal funds and effort for this purpose. Partnerships with community development organizations, private foundations, and others were explored along with various restoration plans, yet no sustainable plan with committed funding could be put in place. It has become clear that demolition and redevelopment is the best path to support the economic viability of Charleroi going forward.

MVA offered tours to the media and public in 2017; a community event was held to gauge community support and garner ideas; inspections, surveys and studies were performed; an architect was engaged to create plans for the building; and roof repairs were made to prevent further deterioration in the case of a potential restoration.

A renovation plan that would have included retail, office and community/performance space with a price tag of over $7.5 million dollars was proposed in 2018, however, the necessary funding was unattainable and a valid sustainability plan did not come to fruition.

Simultaneously in 2018, Charleroi was designated by Governor Tom Wolf’s administration as a Federal Opportunity Zone. Opportunity Zones, established by Congress under the Tax Cuts and Jobs Act of 2017, are a new community investment tool designed to encourage long-term investments in low-income urban and rural communities nationwide and have specific timeframes for investment and development.