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.