The Erie County Convention Center Authority wants Erie County government to guarantee the financing to build another bayfront hotel. County council will get a first look at the plan next week. But opposition is already forming.
The authority has secured a $25 million state grant to build a hotel to the west of the Bayfront Convention Center, on the site of an existing parking lot. Like the nearby Bayfront Sheraton, the authority wants to county to back or guarantee up to $30 million in bonds or bank financing to build the hotel.
Supporters say the gurantee will mean a lower interest rate. Council will get details of the plan next Thursday.
Council member Phil Fatica said, "We are going to listen very, very carefully to what they have to say to us. What is our exposure?"
But opponents say the whole concept of using public money on a hotel is wrong.
Nick Scott, Jr. of Scott Enterprises said, "So adding anotehr 200 rooms, their argument is that will mean more conventions. How many more? One or two? Is it worth putting $55 million on the taxpayers backs for one or two conventions a year? I think that is absurd and crazy."
The point man on the proposed deal, Erie County Convention Center Authority member Roger Richards was not available for comment.
Sunday, March 9 2014 5:33 PM EDT2014-03-09 21:33:04 GMT
One person is dead after a fatal accident in Millcreek on Sunday. Millcreek police discovered the crash just after 12:30AM while doing regular rounds; the accident was not called in. Officers discoveredMore >>
One man is dead after a fatal accident in Millcreek on Sunday. Police discovered the accident just after 12:30AM. More >>
Tuesday, March 11 2014 1:03 PM EDT2014-03-11 17:03:27 GMT
More than a half-dozen families were forced from their home early this morning when a fire broke out at their apartment complex in Crawford County. It broke out around 4:30am Tuesday at a building in theMore >>
More than a half-dozen families were forced from their home early this morning when a fire broke out at their apartment complex in Crawford CountyMore >>
Monday, March 10 2014 7:43 AM EDT2014-03-10 11:43:35 GMT
State Police were on the scene of a serious accident Sunday night, and the Coroner was called out as well. It happened around 9 o'clock Sunday night. Calls came in for a rollover accident on route 6NMore >>
Pennsylvania State Police are investigating a deadly Sunday night car crash in western Erie County.More >>
Tuesday, March 11 2014 12:26 AM EDT2014-03-11 04:26:27 GMT
The Millcreek School Board met on Monday night to discuss a number of issues that will impact their finances. One of those issues: health care. Though the district faces higher healthcare costs everyMore >>
The Millcreek school district faces higher healthcare costs every year - a 6.4 percent, or an extra $600,000 this year - but that could soon be much more with the Affordable Care Act.More >>
Tuesday, March 11 2014 3:39 PM EDT2014-03-11 19:39:57 GMT
Will Millcreek Township be short-changed if it sells its water system to the Erie Water Works?That was the question at today's Millcreek Supervisors meeting. If the sale goes through, about 30% of ErieMore >>
Millcreek Supervisors grilled about township's representation on the Erie Water Authority Board.More >>
Monday, March 10 2014 10:07 AM EDT2014-03-10 14:07:22 GMT
State troopers are searching for the suspect in reported armed robbery at a southern Erie County store. It happened around 7:30pm Sunday at the Franklin General Store on Wattsburg Road in GereeneMore >>
State troopers are searching for the suspect in reported armed robbery at a southern Erie County store.More >>
Tuesday, March 11 2014 3:09 PM EDT2014-03-11 19:09:54 GMT
Students at Penn State Behrend are gone for spring break. But the campus was still busy today, for the annual high school Science Olympiad. About 400 students from 33 area high schools competed in events,More >>