Merck uses $10.3 million in state funding to buy Durham County, N.C., land.

Publication: Herald-Sun (Durham, NC)

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COPYRIGHT 2004 The Herald-Sun

Jun. 29--Using $10.3 million in state funding, Merck & Co. has purchased the land in northern Durham County where it plans to build a $300 million vaccine production facility.

The New Jersey pharmaceutical giant closed on a 262-acre tract in Treyburn Corporate Park on June 21, according to a deed filed last week. Deed taxes indicate a purchase price of nearly $41,000 an acre, or $10.3 million.

After looking at more than 100 sites in 16 states, Merck chose the site in Treyburn, a development...

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