The City of Erie is seeing millions of dollars of investment through its LERTA program.
Mayor Joe Schember announced that the city is up to 222 permits totaling more than $84 million through the Local Economic Revitalization Tax Assistance Program
The program was established back in July of 2019.
Of the permits, 163 are for residential projects totaling more than $12 million. There are 59 commercial projects equaling out to just under $72 million.
“I was hoping to be over $100 million by the end of the year, but especially in the last couple of months here in November and December, there hasn’t been as much activity. I am thinking once we get the pandemic under control, I am thinking things might really explode once that happens next year and we can have a lot of things going on.” Mayor Schember said.
Mayor Schember says by this time next year, he would like to reach $150 million.