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Originally Posted by halifaxboyns
As an outsider, I've been following this with some interest. With Stelco 'leaving' - what happens to the industrial land they own? Will it be cleaned up and reused?
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The city and port authority will be talking more seriously about it now, but U.S. Steel still owns the land. Hopefully USS will make a decision that lets the city move forward.
This has been an issue with other large plots of brownfield land down in that area. Many are empty and unused, but unless the owner wants to sell, the city's limited in what it can do... or at least they haven't been very forceful in trying - using levers like property tax rates or grant/loan programs to encourage productive uses. It's somewhat similar to the issue with all the parking lots downtown, though in this case some properties owned by the likes of USS and AM-Dofasco are dormant weed patches.