The Erie Times is reporting that LECOM has requested tax exemption for three nursing homes, the Regency at South Shore, 322 Washington Place, Erie, purchased for $7.9 million; Parkside at Westminster, 3929 W. 38th St., Millcreek Township, for $4.3 million; and Parkside at North East, 2 Gibson St., North East, for $3.5 million.
The Erie School District has accepted the offer of a $2.25 million grant covering a period of eight years. No other taxing authorities have made any agreements with LECOM.
Giving tax exempt status to a taxable property of this size in a community like North East would have a noticeable effect. We’ll post more information on this as it becomes available.
Read the original article at the Erie Times News