3
MAY
2011

Developer bows out of WVSA frack water treatment center plan

Cate Street Capital, a developer of green technology companies, has withdrawn its proposal to build a wastewater...

Cate Street Capital, a developer of green technology companies, has withdrawn its proposal to build a wastewater treatment facility at the Wyoming Valley Sanitary Authority grounds in Hanover Township.

"Our engineering study has determined that our proprietary technology is capable of cleaning the water to appropriate standards at a price which is in line with current costs," said Cate Street Capital Sr. Vice President Richard Cyr. "We exist to bring environmentally sensitive and sustainable businesses to life, and this project would do that. However, we have listened to the community and heard its concerns. We respect our neighbors in Hanover Township, and have decided to pass on this opportunity at this time."