- Associated Press - Sunday, February 1, 2015

MCCOMB, Miss. (AP) - Pike County has sold 40 acres of land to a company that plans to build modular housing for oilfield workers, even though the oil slowdown has put that plan on hold.

Friday was the deadline to sell the land to Aries Building Systems for $12,000 an acre, the same price the county had paid for it.

Board Attorney Wayne Dowdy tells The Enterprise-Journal (https://bit.ly/1BLq6GG ) that the deed was signed Friday and will be sent to the company’s closing attorney.

Aries president Michael Bollerto Sr. of Houston wrote to the board of supervisors earlier, saying the Shale Lodge project is going on ice because of the recent slowdown in drilling.

“Aries remains committed to this project and will continue to seek clients requiring housing space. Once market conditions improve or we are able to secure a client for this facility, we will continue forward with this project,” he wrote.

Supervisors were told that T.L. Wallace has completed a mile-long gravel road through the new Gateway Industrial Park, where the Shale Lodge property is located.

The project came in about $13,000 under Wallace’s bid of $267,794, county engineer Chad Toles said. “There’s a couple of punch-list items still to be done, but they’re minor.”

Greenbriar Digging is laying sewer pipe to the new industrial park under a $1.1 million contract.

The Shale Lodge site is on the northwest part of the tract, which parallels Interstate 55. The Aries land has been cleared, filled and leveled.

“It looks like it’s site-ready,” said Supervisor Gary Honea.

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Information from: Enterprise-Journal, https://www.enterprise-journal.com

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