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What is Pittsburgh Cultural Trust mean?
The Pittsburgh Cultural Trust (PCT) is a nonprofit arts organization formed in 1984 to promote economic and cultural development in Downtown Pittsburgh. The "Trust" has focused its work on a 14-square block section called the Cultural District, which comprises numerous entertainment and cultural venues, restaurants, and residential buildings. All together, the organization claims to oversee more than one million square feet of real estate, including commercial and residential buildings, making it one of the largest landowners downtown. In recent years the organization has had a contentious relationship with the city of Pittsburgh concerning the tax status for many of its properties, resulting in a case being heard by the state Supreme Court in 2011.
As of February 2018, the PCT's president and CEO is J. Kevin McMahon. According to its 2016 "Report to the Community", PCT's net assets were valued at $120 million.
referencePosted on 25 Oct 2024, this text provides information on Miscellaneous in Community related to Community. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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