« Erie PA News and Events for Wednesday May 10, 2006 | Main | Erie PA News and Events for Friday May 12, 2006 »
Erie PA News and Events for Thursday May 11, 2006
Posted by Dennis on May 11, 2006
NanoLogix (Pink Sheets: NNLX) announced that hydrogen has been generated at its first commercial scaled-up hydrogen bioreactor facility at the Welch Food’s plant in North East, Pennsylvania. The technology behind the hydrogen bioreactor, developed and proprietary to NanoLogix, is intended to enable manufacturing facilities to convert their waste stream into hydrogen. The alternative energy source then can be converted, on-site, to electricity, thus contributing immediately to the manufacturing facilities bottom line. Professor Rick Diz of Gannon University, the lead scientist in the project and consultant to NanoLogix stated, “I am pleased to confirm the bioreactor at Welch’s is producing hydrogen. Gas chromatography confirmed hydrogen and no methane.”
MTR Gaming profits jumped 16 percent in first quarter. Revenues, net of promotional allowances, for the first quarter increased 22 percent to $93.0 million from $76.5 million in the first quarter of 2005. Net income was up 16 percent to $3.4 million or $0.12 per diluted share from $2.9 million or $0.10 per diluted share in the first quarter of last year. The Company is nearing completion of the site development work and has commenced construction of the clubhouse facility of the Erie racino and still anticipates beginning live racing by December of 2007 as required by the Presque Isle Downs racing license. The Company plans to commence slot machine operations with approximately 1,600 slot machines in the fall of 2006, subject to licensing by the Pennsylvania Gaming Control Board, pursuant to a temporary license, as provided by statute, pending the issuance of the permanent license.
Credit Suisse First Boston is taking over an Erie area hotel. The mortgage is past due. The name of the hotel was not mentioned. As part of their credit filings with Fitch Ratings, CSFB reported the loan past due. Fitch only expects losses on the fourth-largest specially serviced loan (0.3 percent), which is secured by a 193-unit limited service hotel in Erie, PA. The loan is expected to become real estate owned (REO) via a deed in lieu of foreclosure transfer. The loan is 90-days delinquent and recent appraisal valuations indicate losses are expected upon the disposition of this property.
As many of you know, I’m a Realtor with Prudential Advantage Realty in Erie. We are selling properties for the Redevelopment Authority of The City of Erie. These houses are in disrepair and they want them fixed up. If you want more info contact me, Dennis Weed at (814) 833-2741 or dweed(at)prudentialadvantage.com Here is a sample of the properties:
311 E 5th $1,000; 434 E 7th $2,000; 737-39 E 7th $1,000; 1019 E 5th $5,000; 1226 E 8th $15,000; 669 Hess $1,000; 451 E 16th St $1,000; 1607 Parade $10,000; 503 E 8th $1,000; 1155 E 19th $1,000; 1141 E 19th $1,000; 1115 E 19th $1,000; 2128-228 E 19th $1,000; 936 W 18th $10,000; 940 W 18th $10,000; 1160 W 7th $10,000; 435-37 E 24 $5,000; 537-39 E 18th $7,500; 708-10 E 19th $1,000; 724 E 23 $1,000; 936-38 E 26 $15,000.
Bear Bay allowed three runs on six hits over 6 2/3 innings as Akron edged the Erie SeaWolves, 4-3, to complete a three-game sweep on Wednesday afternoon. Jackson Melian just assigned to Erie from Toledo went 3-4 in his first game with the SeaWolves.
Lake Erie Speedway will open on Friday May 12.
The late Jonathan Larson, best known as the creator of the stage sensation RENT, wrote only one other musical in his short life “tick, tick… BOOM!” The musical will be performed at the Roadhouse Theater Fridays and Saturdays at 8 pm May 12th - July 8th (no shows Memorial Day weekend). Tickets are $10 regular, $12 riser and $15 VIP. Students with ID can see the show for just $5. Reservations can be made by phone at 814.456.5656 or in person at the Theatre Box Office 145 West 11th Street. Box Office hours are 2-6 PM Tuesday - Saturday.
The 14th annual National Association of Letter Carriers Food Drive, Stamp Out Hunger, is Saturday, May 13. Proceeds benefit the which distributes to 245 agencies in the region.
The Technology Council of NWPA Business Information Technology Summit (BITS) will take place at Edinboro University of Pennsylvania on May 17.
Sonya Kitchell will perform at the Mercyhurst College Walker Recital Hall on Wednesday, May 17 at 7:30 pm. For tickets call the box office at (814) 824-3000.
The Edinboro Highland Games and Scottish Festival will be held in Edinboro May 19-21.
The first cruise-in of 2006 will be held on May 22 at the Park and Ride lot on the Erie Bayfront.
The Tom Ridge Environmental Center will open May 26th. This $31 million, state-of-the-art center will share the treasures of Presque Isle State Park with nature enthusiasts, educators, researchers, tourists and other visitors.
Posted by Dennis at May 11, 2006 7:01 AM
Add a
link and graphic to your site to show that you're from Erie. Meet new peeps, share you thoughts on our fair city, do whatever you like.
