BDC purchases former Follansbee Steel site for future redevelopment

BDC, Follansbee Steel

FOLLANSBEE — The former Follansbee Steel location has been shuttered for four years, but it’s about to get a whole new look.

The Business Development Corp. of the Northern Panhandle closed on the property for more than $1.3 million Thursday and have awarded a contract for the brownfield remediation assessment to Civil Environment Consultants of Export, Pa., according to BDC Executive Director Pat Ford.

Ford said the West Virginia Economic Development Authority granted a $1.3 million loan for the purchase and the Northern West Virginia Brownfield Assistance Center awarded a $12,500 grant for a boundary survey and Phase 1 environmental assessment required for the loan. Read more here!

http://www.weirtondailytimes.com/news/local-news/2016/10/bdc-purchases-former-follansbee-steel-site-for-future-redevelopment/