Millcraft Industries

Millcraft Industries, Inc.

Type	Commercial real estate
Headquarters	Cecil Township, Pennsylvania[1]
Key people	Jack B. Piatt Chairman[2]

Millcraft Industries, Inc. is a Cecil Township, Pennsylvania-based real estate and development company.

Millcraft began as a steel production company before expanding into real estate.^[3] In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.^[1]

The company has a strong presence in Western Pennsylvania.^[1]

In the past, the Pittsburgh Post-Gazette has criticized Millcraft for its political influence over the Urban Redevelopment Authority of Pittsburgh.^[4]

In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" categorgy.^[5] The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.^[5]

In March 2009, Millcraft purchased the Pittsburgh State Office Building.^[6] The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value.^[6] He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.^[6]

The company owns and developed the Southpointe complex and "The Crossroads Project," a $100 Million renovation of the streets of Downtown Washington, Pennsylvania.^[2]

References

1. ^ ^{a b c} Sandler, Robert (November 25, 2005). "Millcraft exits steel business". Pittsburgh Business Times. http://pittsburgh.bizjournals.com/pittsburgh/stories/2005/11/28/story1.html. 
2. ^ ^{a b} "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.. http://www.millcraftindustries.com/projects.php. 
3. ^ "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.. http://www.millcraftindustries.com/company.php. 
4. ^ "EDITORIAL - Trail of influence: When campaign donations follow public contracts". Pittsburgh Post-Gazette. March 29, 2009. http://blogs.sites.post-gazette.com/index.php/home/archives/7326-editorial-trail-of-influence-when-campaign-donations-follow-public-contracts. 
5. ^ ^{a b} Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". Pittsburgh Business Times. http://pittsburgh.bizjournals.com/pittsburgh/stories/2008/11/10/focus12.html. 
6. ^ ^{a b c} Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". Pittsburgh Tribune Review. http://www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_640351.html. 

External links

• Millcraft Industries