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Land sale approved at Three Springs Business Park

Updated: Monday, February 24 2014, 09:52 PM EST

By: Adam Del Rosso

WEIRTON, W.Va. --

It may not look like much now, but if all goes according to plan, land at the back of the Three Springs Business Park will be the new home of Pietro Fiorentini.

 A major step taking place last week, the West Virginia Economic Development Authority has approved the land sale.

"This is the first major shale related gas manufacturing company to make an investment in the area,” said Pat Ford, executive director of the Business Development Corporation. “It's great news. We've been working with this company for six months now."

Ford said there was a lot of competition for the sale in terms of locations as Fiorentini is already temporarily housed in Wheeling.

"They are going to be purchasing 17 acres here with an initial phase of a $9M investment for a 50,000 square-foot building with future phases that would possible take it to a 110,000 square-foot building and 150 jobs," Ford said.

He said those jobs on average pay $40,000 to $50,000 a year which means millions in annual payroll, enough to make a significant economic impact in Hancock and Brooke counties.

"We'll also send a strong signal to all the companies, nationally and internationally, that Brooke and Hancock counties are a place that we can make long term investments to capitalize on our proximity to all the shale gases in our region," he said.

The plan also includes $1M in road, water and sewer expansions to the site.

 The final closings for the project are expected to take place within the next six months.

Land sale approved at Three Springs Business Park


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