Erie Indemnity Company (Erie Insurance) (Nasdaq: ERIE) announced financial results for the fourth quarter and year end 2007. Net operating income per share (excluding net realized gains or losses on investments and related taxes) was $0.69 in each of the fourth quarters of 2007 and 2006. Net income was $32.6 million for the fourth quarter [...]

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All real estate is local. What’s happening in California or Florida doesn’t effect the market in Erie. Last year you heard news about home prices falling all over the country. In Erie they rose. In an 88 page report released by the Office of Federal Housing Enterprise Oversight, home prices in Erie were up 4.58 [...]

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Splash Lagoon Indoor Water Park Resort revealed their planned $6 million, 22,000 sq ft expansion. It will be a wave pool on the SE section of the property attached to the main building. It will still be open every day during construction. They are holding a contest to name the pool and pick a new [...]

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Scott Enterprises has a news conference scheduled for this morning to announce a 20,000 square foot, $6 million expansion to Splash Lagoon Indoor Water Park Resort. Back in September, Scott Enterprises obtained $81 million as they mortgaged 10 properties. They used $49 million to refi existing debt, built two new hotels, and will use the [...]

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