Erie County Convention Center Authority Minutes 2026-04-16
Board Approves $3M Line of Credit from Marquette Bank
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Description
The Board approved a new $3 million line of credit from Marquette Bank at a competitive rate to provide financial flexibility for upcoming construction projects. The loan is collateralized by naming rights sponsorship.
Contract Details
Contract Amount
Line of Credit up to $3,000,000 at prime minus 1% (currently 5.75%)
Vendor
MARQUETTE BANK
Agency
Erie County Convention Center Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2026
Renewal Info
Line of credit replaces a satisfied previous loan; renewal and maturity details not specified.
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