Sold For $3.8M
PARKERSBURG – Two months after a local developer announced his intention to purchase 175 aces on Fort Boreman Hill, a deed filed in the Wood County Clerk’s Office confirms the deal is complete.
According to the deed, Minnite Family LLC purchased the property atop Fort Boreman Hill from MARMAC LLC for $3,860,000.
Parkersburg Mayor Bob Newell said he was aware the sale of the property to the Minnite family was pending.
For the past two years the property adjacent to Fort Boreman Park has been among the proposed sites for a minor league baseball park. Newell said the sale of the property does not make the site a lock for the stadium.
“No site has been selected for the park; they are all in play,” he said. “Each site has its challenges.”
Newell said the study on the Fort Boreman site, along with proposals to locate the park on Lee’s Hill or in the Sixth Street area downtown, is not complete.
“For Fort Boreman we would have to buy it for the park and we will have to run water and sewer lines up there depending on what goes there,” he said. “For Lee’s Hill (off West Virginia 47), it would be donated but we’d have to build a road there and that would cost about $1 million. If it were to go to Sixth Street, that property was estimated to have a value of $1 million and that has probably increased.”
Newell said he has been told the study on the stadium site is nearing completion.
“We are waiting on them to tell us when it’s complete,” he said. “Lee’s Hill set them back some because it was added late in the game.”
Newell said about three-quarters of the Fort Boreman Hill property lies within the city limits and the rest of the site is in the Lubeck tax district.
A call to Pat Minnite Sr. seeking comment was not returned Wednesday.
In June, Minnite confirmed he was planning on purchasing the property.
“I think we can make a nice complex there, and with the cracker plant coming, it’s a good piece of property to have,” he said in June.
Minnite said at the time the stadium, residential construction, commercial construction or some combination all remain a possibility.
“We’re not ruling anything out or anything in yet,” he said in June.
Minnite said the property would belong to one of his family’s companies, but at the time it was not decided. According to the deed, the owner is Minnite Family LLC. Minnite also owns the Rivers Project across U.S. 50 from the Boreman property.