development and expansion of business, industry, commerce and
tourism in this Commonwealth through the support of
commercial and residential real estate development by parking
authorities in cities of the second class.
(3) Due to the size, total population and population
density of a city of the second class, it can be inefficient
to devote property within a city of the second class solely
to parking facilities for purely public use on a first-come,
first-served basis, and that empowering the authority of a
city of the second class to grant private interests in
parking facilities to support commercial and residential real
estate development and develop, operate or participate in
mixed-use projects can be an important factor in the
continual encouragement, development, attraction,
stimulation, growth and expansion of business, industry,
commerce and tourism within a city of the second class, the
surrounding counties and this Commonwealth as a whole.
(b) Powers.--Notwithstanding any other provision of law,
including this chapter, and any provision of an authority's
articles of incorporation, and without limiting the powers in
section 5505 (relating to purposes and powers), an authority in
a city of the second class shall have the power to do the
foll owing:
(1) Grant an interest, such as a lease, license or
easement, in and to all or a portion of land, buildings and
structures for dedicated parking to support commercial or
residential uses, if the following apply:
(i) In the good faith opinion of the board, the
following apply:
(A) The grant of the interest will not
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