County Councilman Speaks Out About Proposed Hotel

Published 02/11 2014 01:05PM

Updated 02/11 2014 01:20PM

February 11, 2014

The vote tonight by County Council concerning another tax exempt property on Erie's Bayfront is heating up.
This morning Councilman Andre Horton held a press conference to address the vote.
Horton says he will ask council to postpone the vote on the debt guarantee for the Convention Center Authority.

Meantime, the Convention Center Authority met today to prepare for tonight's meeting.
The authority approved a $65,000.00 credit enhancement fee which would go back to the county in exchange for a loan
guarantee.
The guarantee is for the full amount of the authority's hotel project.
The authority also agreed to give the county land at the north east corner of State St and the Bayfront Parkway as part of the loan guarantee.

County Council votes tonight on the loan guarantee at the meeting scheduled for 7pm.

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