Under Ravenstahl's leadership, Pittsburgh is experiencing its Third Renaissance – a revitalization marked by population growth, job creation and $5 billion in investments in downtown alone. He co-created Pittsburgh's first citywide scholarship program – The Pittsburgh Promise – which provides Pittsburgh Public School students with up to $40,000 in scholarships for college. Since its inception in 2007, The Pittsburgh Promise has helped over 3,500 students pursue higher education, and has grown to be the largest program of its kind.
Mayor Ravenstahl also helped establish Pittsburgh as a city that welcomes innovation by spearheading the City's first-ever comprehensive plan, PLANPGH. The plan will include 12 main components such as MOVEPGH, which will provide a vision for the City's transportation network over the next 25 years. MOVEPGH is anticipated to be completed in 2013.
In just five years, Mayor Ravenstahl's leadership has helped make the City of Pittsburgh a place where residents want to live, businesses want to invest and visitors want to return. Many publications are touting the City's success, including The Economist and Forbes.com – which have named Pittsburgh America's "Most Livable City" for four consecutive years – and National Geographic Travelers Magazine, which named Pittsburgh one of the "20 Best of the World Must-See Destinations" in 2012.