Plans for a $55 million, publicly-funded hotel adjacent to the Bayfront Convention Center won’t stop Scott Enterprises from pursuing its own private, multimillion-dollar hotel project in that area.
“We continue to develop our plans to open a hotel on Erie’s Bayfront within the next year,” Nick Scott Jr., Scott Enterprises’ vice president, said today.
The company first announced its hotel plan in May 2011. The hotel would be built on 6 acres west of Blasco Library and the Erie Maritime Museum that Scott Enterprises has owned since 1999.
That property is less than half-mile east of the Convention Center.
Officials at Erie’s largest hotel company reaffirmed their project’s plans just four days after Gov. Tom Corbett’s announcement that the Erie County Convention Center Authority will get $25 million in state funds to help develop a hotel just west of the convention center, 1 Sassafras Pier.
The grant will be distributed over five years.
That new hotel, authority officials said, will have less expensive rates than the nearby, publicly guaranteed Sheraton Erie Bayfront Hotel, which opened in April 2008 on West Dobbins Landing. It will also complement efforts to redevelop the authority-owned, 12 1/2-acre former GAF Materials Corp. site, just west of the convention center site.
Convention Center Authority officials plan to issue a bond to finance the remaining $30 million of the project.
Scott Enterprises’ hotel is part of a “mixed use development plan” the company is developing for its bayfront property, and is expected to take 5 to 7 years to complete, Scott said.
A projected construction cost was not available.
The plan “will help revitalize Erie’s waterfront. We look forward to sharing our plan with the public soon,” Scott said.
Source: http://www.goerie.com
HT Editor
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