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Tuesday, September 29, 2009

Marcellus Shale Commerce Heats Up

Pa. developer buys up Mansfield Business Park

Plans to tap into Marcellus shale commerce

By G. Jeffrey Aaron •
Star Gazette

With an eye toward job and business growth spurred by the natural gas drilling into Pennsylvania's Marcellus shale formation, the J. Grace Co. of Chadds Ford, Pa., will purchase the 61 acres remaining in Mansfield's Interstate-99 Business Park.

The business park is located near U.S. Route 6 and state Route 15 (future I-99), a mile west of Mansfield. It has been subdivided into 24 parcels, one of which is being developed by the Microtel Inns & Suites motel chain of South Dakota.However, said Thomas Freeman, vice president of the Betterment Organization Of Mansfield, the Grace firm will purchase the 23 undeveloped lots.

"People don't realize how huge the Marcellus shale project is," Grace said in a prepared statement. "It's going to have a major impact on the growth and development of the area. I have great expectations and great hope for the Mansfield area." More...

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