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New plan to revive McLouth; NY investor involved; up to 500 jobs expected.
- Article from:
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Crain's Detroit Business
- Article date:
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September 8, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ryan Beene
The long-shuttered former McLouth Steel Products Corp. mill in Trenton may see new life if efforts to revive the Downriver plant continue to make progress.
Trenton Mayor Gerald Brown says a New York investor is working with the owner to modernize the facility, which has sat vacant since 2003. The project could bring 500 jobs.
"They'll get it done,'' he said. "This one is going to work too much money has been invested so far to walk away.''
Citing confidentiality agreements, Brown wouldn't say how much has been invested through paying off debts and due-diligence costs, but said the sum is in the millions.
"We have made more progress on ...
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