Harkins, Merski: $200,000 low-interest loan to help fund unique Bayfront dining venue
Will help fund construction, renovations for Oliver’s Beer Garden
ERIE, Nov. 3 – A low-interest loan of $200,000 will help fund a project to bring a unique outdoor dining and entertainment venue to the Erie Bayfront, state Reps. Pat Harkins and Bob Merski, both D-Erie, announced today.
The lawmakers said the funding to Scott’s Bayfront Hotel LLC will finance construction and renovations for Oliver’s Beer Garden that will help visitors capture stunning waterfront views.
“The loan to Scott’s Bayfront Hotel LLC is especially exciting because it is helping to fund a project that builds on the Bayfront’s natural beauty in a way that draws visitors, increases commercial activity and attracts additional investment in our region,” Harkins said. “Scott’s Bayfront will also retain 55 permanent full-time jobs as a result of the project.”
Merski said, “Today’s funding to Scott’s Bayfront will help move this special dining and entertainment project one step further by funding renovations that include site development, paving, landscaping, outdoor pavilion, fire pits, tiling, plumbing and electrical work. I can’t wait to see this area take on new life as the renovations take shape.”
The total project cost is $803,647. The loan was approved through the Northwest Pennsylvania Regional Planning and Development Commission and is a seven-year, $200,000 loan at a 1.5% interest rate.
The loan was approved by the Pennsylvania Industrial Development Authority, which is a program of the Department of Community and Economic Development. More on PIDA is available here.