NEW YORK Ohios budgetary oversight board has approved the release of $1 million from the Clean Ohio Assistance Fund to remediate the now-shuttered RG Steel LLC plant in Steubenville, Ohio.
The city of Steubenville and River Rail Development LLC will use the funds to pay for asbestos abatement and the demolition of two blast furnaces, a boiler house and an annealing building.
After remediation, the city intends to redevelop the property, turning it into a multimodal transfer and processing facility to support midstream shale gas operations. Construction on the facility should begin this summer, with operation set to start by the fourth quarter of 2014, according to the funds project document.
Last July, Wheeling, W.Va.-based scrap processor Herman Strauss Inc. bought the idled Steubenville facility for $15 million, paying $4.3 million for the land and $10.7 million for scrap metal, the buildings and their contents (amm.com, July 27).
The site had been used as a steel manufacturing facility since it was developed by Jefferson Iron Works in 1856.