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City OKs $242,000 to begin cleanup at V&M expansion site
TweetYOUNGSTOWN — The city board of control agreed today to pay $242,844 for soil testing and a report on what hazardous materials would need to be removed to clean up two key properties needed by V&M Star Steel for its potential $970 million expansion project.
MS Consultants Inc. of Youngstown will do the testing and provide a report on the two parcels in about three months, said city Finance Director David Bozanich, a board of control member.
The board approved the contracts for MS to do work to two parcels in Girard the city purchased — the former Dempsey Steel and the former Shelly & Sands/McCourt Construction property.
There are three other properties Youngstown purchased in Girard that V&M Star needs for the potential expansion.
The board of control is expected to sign contracts for testing and remediation reports shortly, Bozanich said.
The cost of cleanup of the various properties, somewhere around 170 to 190 acres in Girard, is estimated at $5 million, Bozanich said.
For the complete story, read Friday’s Vindicator or Vindy.com
Comments
Where did this money come from?
They dont have it, they just okayed it.....;)
They should use Wendy Webb and her assistant's salary to pay for this.
its only a 5 miilion $ report on LAND STUDY for clean up, relax people,.. they are not done raping our wallets yet, My opion...they (Youngstown) was looking at the bailout money with no homework, (free $) If it fails, to them (Youngstown) Its more tax $ that they use for another wasted project that hits the city cooffers, hell ,maybe we can use it for another party on the plaza.
When amounts like 5 million (for land) and 1 billion (potential investment) start getting thrown around in the valley, the odds are that something or several things willl never allow those amounts to be fuly realized.
I do not believe Girard will ever see the full 5 million dollar amount and I am almost positive that V&M Steel will never approach the "potential" 1 billion dollar investment.
These are fugures that get thrown around but I do not believe people really understand the actual amounts and how they relate to an economy like Youngstowns. Simply put, they do not.