CHARLESTON, W.Va. -- A manufacturer for the oil and gas industry will buy roughly 17 acres of land in Brooke County. Members of the West Virginia Economic Development Authority on Thursday approved the land sale to Pietro Fiorentini USA.
The land will be sold at no less than $13,250 per acre, and the purchase price will be determined after the WVEDA has the land surveyed, WVEDA Executive Director David Warner said.
Warner hopes to have the land surveyed as soon as the snow melts on the property.
Pietro Fiorentini will use the land to build a $9 million manufacturing facility in the Three Springs Business Park in Weirton. The plant is expected to create 41 jobs during the initial phase and up to 150 jobs when fully operational.
The company must purchase the land in the next six months, Warner said.
Warner added Pietro Fiorentini has not applied for any loans but believes the company will in the future.
Members also approved a resolution to move forward with a project at Stonewall Jackson Lake State Park. The item was tabled for a vote in December.
The resolution allows a private company to develop land. The hope is to build cabins the public can rent. The resolution also allows for the resort's management company, MHLP and its subcontractor Benchmark Hospitality, to receive delinquent management fees.
Warner said projections for the resort's financial performance were higher than the actual results.
The resolution approved Thursday did not have the management agreement extension with MHLP that expires in 2014, Warner said.