Erie County To Loan $2.5 Million To Pleasant Ridge Manor
Erie County says they are doing some smart financial work when it comes to funding upgrades at pleasant ridge manor
-->By:
Updated: October 11, 2012
October 11, 2012-- Erie County says they are doing some smart
financial work when it comes to funding upgrades at pleasant ridge manor.
The county is lending the nursing
home $2.5 million from its unrestricted gaming funds to help the facility pay
for sprinkler and water and sewer upgrades.
Erie county council acts as the board of
trustees for pleasant ridge manor and the two facilities are consolidating into
one west location.
Since the county would be ultimately
responsible fiscally they are saving money on borrowing costs and interest.
Smith says the move will pay itself back once pleasant ridge's sale of 88 beds to Millcreek Manor is complete.
