Disagreement on Economic Effects of Sparrows Point Terminal
Posted on Mar 6, 2007 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Disagreement on Economic Effects of Sparrows Point Terminal
The Examiner (Baltimore) reports today that AES, the company proposing an LNG import facility at Sparrows Point, expects the project to have a $216 million positive impact on the local economy total. Fronda Cohen, the marketing and communications director of the Baltimore County Department of Economic Development, however, predicts that “from an economic development point of view, there actually is a negative impact, long term, to having an LNG plant at the Sparrows Point peninsula,” because it could deter other industries from investing there.