Erie County Council Discusses Lord TIF Plan - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

Erie County Council Discusses Lord TIF Plan

Posted: Updated:

Lord Corporation is a step closer towards combining its two local plants, into a new home in Summit Township.

Tonight, Erie County Council held its first reading, of the TIF plan.  As we've been reporting, it's called tax increment financing.  If approved, it will provide $2.2 million in tax breaks to the company.

The TIF plan is meant to help Lord Corp. move into the old Bush Industries site, in Summit Township.

But now, council members say prevailing wage requirements for workers on the project are causing some concern.  They're worried it will add millions of dollars to the overall cost of the project.

Tonight, Erie County Council Chairman Joe Giles said the clock is ticking, and they must make a decision soon.

"We have a lot at stake," said Giles.  "There isn't anyone in the community who is not aware of how big and how important this project is for our community in terms of jobs and economic development, and the project itself.  And so that's what I think will be the tipping point in terms of what we decide at the end of the month."

Despite those concerns, Giles says council will probably approve the plan.  They're expected to vote on the plan on January 29.

Powered by WorldNow
3514 State St. Erie, PA 16508
Newsroom: (814)454-8812
Toll Free: 1(800)454-8812
Business offices: (814)454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
Mobile:
Mobile Site
Be sure to stay constantly updated with the power of WICU12 and WSEE at your fingertips
Free Android App
Free iPhone App
Free iPad App
Storm Tracker App
Droid
iPhone
iPad
All content © Copyright 2000 - 2014 WorldNow and WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com