Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances amendment to PACE financing for Erieview Tower redevelopment
Summary
A council committee advanced an amendment to a PACE financing ordinance that would let the Erieview Tower project increase its PACE loan, lengthen the loan term and begin assessments in 2027; the measure will be considered by the full council tonight.
Council committee leaders heard a presentation Monday on an emergency ordinance to expand a property-assessed clean energy (PACE) loan tied to the Erieview Tower redevelopment and referred the measure to the full council for consideration tonight.
An agency official representing the administration said the proposed amendment to Ordinance No. 747-2024 (introduced today as Ordinance No. 481-2026) would increase the maximum PACE financing available for the project, change the loan term from 25 to 27 years, and move the start of the special-assessment collection to 2027. "This PACE…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
