LERTA exceeds $9.5 million in projected revenue

Local News

The City of Erie has exceeded another milestone for the re-established LERTA program.

Its been announced that the projected revenue from the applications is over $9.5 million.

Of the four new applications this week, the largest came from St. Vincent Health Center. The company sought an over $573,000 LERTA to help build new office exam rooms.

Mayor Joe Schember explained what he’s looking forward to in the future.

“I’ve heard one developer working on a $15 million project, which will be downtown on the Bayfront. It may not start for another year or so, but at some point that one will be coming in and I know there’s more going on,” said Mayor Joe Schember, City of Erie.

So far, there have been 52 applications total with 35 of them residential and 17 of them commercial.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Events Calendar