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Tuesday, January 22, 2013

Columbiana Port Authority Approves Marathon Land Purchase

From Business Journal Daily:
EAST LIVERPOOL, Ohio -- Two actions taken by the Columbiana County Port Authority Monday moves Marathon Petroleum Corp. closer to building a transfer station in Wellsville.
At its meeting Monday evening, the port authority's board of directors approved a $2.4 million land purchase agreement with Marathon for 3.6 acres at its Wellsville Intermodal Facility. Upon approval of the agreement by Marathon, the company will pay the port authority $10,000 in earnest money, which will be applied to the balance due at closing. The port authority will keep $1.8 million of the balance, with the village of Wellsville receiving $600,000.
Read the whole story here. 


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