2014 Government Regulations & Business Summit
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FALL RIVER – Hess LNG’s plans for a 70-acre site once set aside for a liquid-natural gas terminal in the city remain unclear, The Herald News reported last week.
Kenneth Fiola, executive vice president of the Fall River Office of Economic Development, told the paper that he is not aware of any sale listing for the property. Additionally, the owner of a city realty company that had been contracted by Weaver’s Cove Energy had worked with Giroux and Company Real Estate company to reach out to property owners near the proposed liquefied-natural gas site on the banks of the Taunton River.
The Herald said the property is divided into three lots, according to city assessor’s records. The largest parcel is 46.67 acres and is assessed at $12.1 million; the second-largest lot is 15.36 acres and valued at $2 million; the smallest lot is 4.14 acres, is listed at $709,600.
Since Hess announced it would abandon its efforts to bring an LNG terminal to Fall River, a committee has examined the best use for the site. •