U.S. Steel plans to build headquarters on former Civic Arena site in Hill District

A museum to honor the regions steel heritage is planned as part of U.S. Steels new headquarters that will be constructed on the site of the former Civic Arena in the Hill District, officials announced today.

The steelmaker has reached an agreement with the Pittsburgh Penguins to build a five-story, 268,000-square-footbuildingon the 28-acre site.About250,000 square feet will be used as headquarter offices and the rest will be dedicated to retail and to the museum.

U.S. Steel said the new headquarters will house 800 employees.

Construction is expected to begin in August or September of 2015 and the projects expected to be completed by October 2017.

U.S. Steel belongs in Pittsburgh and it feels really, really good to say that thats the future, Pittsburgh Mayor Bill Peduto said at a morning news conference announcing the deal.

U.S. Steel did not release cost estimates for the project.

The company is receiving new market tax credits and LERTA (Local Economic Revitalization Tax Assistance)tax abatements. Nonetheless, U.S. Steel has agreed to pay half of the property taxes -- estimated at roughly $3 million -- all of whichwill help fund development in other portions of the Hill District, according to the company.

Hill District leaders and Pittsburgh-area politicians, including the mayor, reached an agreement with the Penguins in September regarding levels of affordable housing, minority and women business participation, and other matters in regard to the sites $440 million overall redevelopment.

The citys planning commission is expected to vote next week on the Penguins preliminary land development plan for the site.

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U.S. Steel plans to build headquarters on former Civic Arena site in Hill District