More money is on tap for the Erie Downtown Development Corporation as another business joins the cause.
The Erie Downtown Development Corporation has a goal of attracting residents and businesses to downtown Erie. U Pick 6 owners say they want to continue to be a part of those changes.
It’s been over a month since the EDDC made its first purchase of more than $2.9 million. Those properties on a block by State Street and North Park Row are just down the street from the Tap House. The company behind the Tap House, U Pick 6, is investing $25,000 into the EDDC over five years.
John Melody, Owner of U Pick 6, tells us, “We’ve been doing business in downtown since 1999 or 2000, and you just feel there’s an energy that is in downtown at the moment with the EDDC and its formation. It’s palpable and we really want to be a part of it. We are part of it.”
John Persinger, CEO of the EDDC, tells us, “They’ve got a great history, a great track record of running businesses, especially in the downtown. So, we’re eager to get their insights on how to create great spaces downtown.”
He goes on to say, “This will go directly to the EDDC, which enable us to continue to activate the spaces down here, draw life down here, really turn around the downtown area. So, we’re thrilled, not only about the financial investment, but we’re also thrilled about the potential partnership.”
Melody tells us, “There’s some great things happening; and we very much believe in Downtown Erie and have for a long, long time. And it’s nice to be able to make a financial commitment to that, too.”
And, so far, the EDDC has received a commitment of more than $2.7 million to support their operation.
Now, the Erie Downtown Equity Fund, in which the EDDC can borrow from to make purchases, has grown to more than $27 million.
The EDDC is still exploring long-term options for the recently purchased buildings.