Erie urban renewal authority adopts 2027 budget; presentation details $3.55 million in incentives
The budget presentation allocated about $2.6 million to Nine Mile, where projected expenses exceed revenue by $431,540; the plan also assigns $300,000 to Old Town stormwater work.
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The Erie Urban Renewal Authority adopted its 2027 budget Nov. 10. The presentation before the board allocated $3,554,770 for economic-development incentives across Nine Mile, Four Corners and Historic Old Town, [according to the authority’s presentation](https://erieco.api.civicclerk.com/v1/Meetings/GetAttachmentFile(fileId=4060).
The adopted resolution’s 2027 Schedule A lists $12,161,722 in total revenues, including $6,412,151 in unappropriated surpluses, and an ending fund balance of $6,943,152, the resolution and schedule state.
The presentation allocates $2,598,672 to Nine Mile, $541,098 to Four Corners and $415,000 to Historic Old Town. For Nine Mile, it projects $2,655,172 in revenue and $3,086,712 in expenses, a $431,540 gap. The plan pledges 99% of Nine Mile property-tax increment and half of sales-tax increment, excluding King Soopers, to the Nine Mile Metropolitan District for bond repayment tied to public improvements.
Old Town’s incentive programs include the Downtown Revitalization Incentive Grant Program and five active tax-increment-financing reimbursement agreements for blight mitigation and redevelopment. The authority’s budget memo identifies $300,000 for Briggs Alleyway Stormwater Improvements as the area’s only capital expense in the 2027 plan. The project is intended to address drainage deficiencies in alleys along the 500 and 600 blocks of Briggs Street and add stormwater infrastructure to support downtown development and redevelopment, the memo says.
The authority also approved a separate $320,000 supplemental appropriation for its 2026 budget Nov. 10 under Resolution 26-016. It includes $200,000 for Highway 287 and $120,000 for Four Corners; [staff described the allocations as economic-development incentives for transfers of pledged tax revenue used for bond repayment](https://erieco.api.civicclerk.com/v1/Meetings/GetAttachmentFile(fileId=3952).
At the 2027 budget hearing, staff said the Daybreak/Colliers Hill plan area had reached its $14 million cap on retained property-tax increment, with $220,400 expected to be its final increment, staff told the board.