CRIZ stands for "city revitalization and improvement zone," and it's a program signed into law that works with the 2013 through 2014 state budget.
It's designed to spur new growth in cities that have struggled to revive downtown areas and create jobs.
Scott Enterprises is one of three Erie groups looking to develop projects on the bayfront and had hoped to get the CRIZ bid.
President, Nick Scott Sr. says they were hoping to get the bid to help with the company's $150 million proposed development called Harbor Place, but he says this project will go on regardless of getting the CRIZ or not.
Erie mayor Joe Sinnott says the city has received feedback on their application for the bid from Harrisburg and he says hopefully the city will eventually be awarded the bid.
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