• It was $115 million in pledges including money the non profits are already spending on charitable giving over 5 years. No new dollars actually hit the streets in seven-ish years of negotiations. UPMC would have done a significant $40 million up front on housing (with a possible preference for their own employees?), but then the combined contribution of every non profit would have been only about $15 million a year for five years, including loans (see below.) There was no commitment beyond the five years.
• None of them money would have been democratically accountable to elected government/the citizens since they would have gone to the One Pittsburgh non profit organization who had an un-elected board of directors. So if Pitt said they wanted their contribution to go to a Mon Valley connector, they could have determined that since it wouldn't have gone through city budgeting/voting.
• The $115 million also would have included low interest loans -- which is hardly a grant -- from PNC, Citizens, and FNB to community development organizations.

If Peduto got the proposal operating in time, maybe he would have been re-elected, but he didn't.