Shell paid $6M less than market value for site

June 20, 2015 at 12:00a.m.

Associated Press

MONACA, PA.

Officials say Shell Chemicals paid approximately $6 million less than computed fair market value for the former Horsehead Corp. property where a petrochemical plant may be built.

The Beaver County Times reported that Shell paid $13.5 million for the former zinc smelter site along Route 18 in Potter Township.

Beaver County Recorder of Deeds Janice Beall said that the computed fair market value of the property is $19.6 million.