Shell offers payments instead of taxes for plant

Associated Press Modified: October 2, 2012 at 9:45 am •  Published: October 2, 2012
Advertisement
;

MONACA, Pa. (AP) — Shell Oil Co. is offering to make payments to replace lost local taxes if a multi-billion dollar petrochemical plant is built in western Pennsylvania.

The Beaver County Commissioners say in a statement issued Monday that Shell has offered to make the maximum payments-in-lieu-of-taxes if it builds the plant, which would convert natural gas into other consumer and industrial products such as plastics.

State officials have offered Shell significant tax breaks if it builds the plant, but that deal could have squeezed the local school board and government of revenue.

Local officials say they're pleased with Shell's high level of engagement with the community. They hope the plant will lead to an industrial resurgence in the area.

The proposed site is about 40 miles north of Pittsburgh.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Check out the Thunder postseason playlist
  2. 2
    VIDEO: Blake Griffin dumps water on a fan
  3. 3
    Oklahoma City Thunder: Grizzlies guard Nick Calathes calls drug suspension unfair
  4. 4
    Dave Chappelle Reveals Shockingly Buff New Look
  5. 5
    Peaches Geldof Funeral to Be Held on Easter Monday
+ show more