Business
Friday July 18, 2008
Dow calls off WVU land donation
SOUTH CHARLESTON -- Dow Chemicals Co.'s plan to give West Virginia University 58 acres of South Charleston real estate and lab space valued at $25 million has fallen through.
Dow's Union Carbide subsidiary blamed the cancellation on insurance problems in a statement issued Thursday. Dow says neither side could agree on insurance that satisfied both parties and decided to cancel the donation July 10.
Union Carbide agreed to give the property to WVU last August for a new Charleston research campus focused on energy and chemical technology.
Dow has cut back activities in South Charleston as it consolidates U.S. operations.
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2 Comments on "Dow calls off WVU land donation"
j (11:15pm 07-19-2008)
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hillbilly (1:25pm 07-19-2008)
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