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The Petersen Events Center (more commonly known as "The Pete" [3]) is a 12,508-seat multi-purpose arena on the campus of the University of Pittsburgh in the Oakland neighborhood. The arena is named for philanthropists John Petersen and his wife Gertrude, who donated $10 million for its construction. [ 4 ]
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In January 2003 Pittsburgh's unemployment rate reached 6.8%, but has seen a major decline in, as in April 2005 the rates were near only 4.8%. [55] Since one in every five jobs in Pittsburgh lies within the health care service, Pittsburgh was able to hold steady during the recent economic downturn.
In the early 1970s a site on the opposite side of downtown Pittsburgh was considered for a modern convention center, on the shores of the Monongahela River.On September 20, 1971, the Commonwealth of Pennsylvania failed to approve that location, and site work slowly began on the present site as the city and county submitted it to the commonwealth on December 10, 1974.
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