PITTSBURGH—At a public business meeting today, the board of directors of the Allegheny Regional Asset District (RAD) approved a $99.9 million budget for 2018 that will provide funding to sustain and enhance the operations of 101 regional assets. The final budget is $1.5 million more than the 2017 budget, and $1.84 million more than the preliminary budget released in late September.
“The new capital grants will make substantial investments in asset infrastructure for much-needed repairs, as well as general improvements,” said Daniel J. Griffin, RAD board chair. “This year, we paid particular attention to the ability of assets to raise or complete matching funds, or leverage additional funding. The National Aviary, for example, has already raised $1 million towards its renovation of the Tropical Forest exhibit, and RAD will now add $200,000 to complete it.”