GRACE DONATES LAND FOR VIRGINIA HISTORIC DISTRICT
GRACE DONATES LAND FOR VIRGINIA HISTORIC DISTRICT BOCA RATON, Fla., Sept. 29 /PRNewswire/ -- W. R. Grace & Co.
(NYSE: GRA) today announced that it would donate all of its interests in more than 1,300 acres of land within the historic district of Green Springs, Va., in western Louisa County, to a corporation dedicated to the preservation and protection of the Green Springs Historic District.
The land has been held by Grace for more than 20 years for possible development of a mine to secure valuable vermiculite mineral deposits from this Louisa County parcel. A Grace spokesman said that Grace remains committed to continuing its vermiculite business, with operations in South Carolina that have sufficient reserves. The U.S. Department of Interior has sought to protect the Green Springs Historic District, which has been designated as a National Historic Landmark. The rural landmark contains a large and unique collection of more than 250 18th and 19th century structures of historic and architectural significance. The collection of structures, in an idyllic country setting, has been unaffected by modern development and intrusions. In making the announcement of Grace's intention to donate its land for historic preservation, J. Peter Grace, chairman and chief executive officer of Grace, said: "We are extremely happy to be in a position to help protect our national heritage for future generations of Americans. This action, on the part of Grace, further demonstrates Grace's commitment to environmental concerns." Representatives of both Green Springs, Inc. and the Virginia Outdoors Foundation applauded W. R. Grace for its decision, which will contribute to the preservation of more than a thousand acres of land in its current pristine condition. Gov. Wilder's office cited W. R. Grace's decision as a significant step in contributing to the protection of an important part of Virginia's cultural history. Grace is the world's largest specialty chemicals company with a leadership position in health care. -0- 9/29/92 /CONTACT: Chuck Suits of W. R. Grace, 407-362-2600 or 800-GRACE99/ (GRA) CO: W. R. Grace & Co. ST: Florida IN: CHM SU:
AW-JB -- FL005 -- 4406 09/29/92 13:00 EDT
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|Date:||Sep 29, 1992|
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