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Tuesday, May 21, 2013 | 5:34 p.m.

Updated: 5:37 p.m. Wednesday, Dec. 12, 2012 | Posted: 1:31 p.m. Wednesday, Dec. 12, 2012

Portions of ArcelorMittal property could be sold soon

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By Kelly Camarote and  NEWS9

WEIRTON, W.Va. —

A real estate agent and union leader indicated Wednesday that parts of ArcelorMittal's property in Weirton may be sold soon.

When NEWS9 called to inquire about the status of the property, Robert Blackmore of C.B. Richard Ellis – or CBRE -- said over the phone there has been sale “activity” at portions of the company's property.

Some of the property is under sales contracts, but no deals had been closed as of Wednesday, so potential buyers' inquiries are still being taken.

In March, The Weirton Planning Commission approved ArcelorMittal's plan to subdivide the majority of its property in the city.

At that time, officials said the major areas that could be redeveloped are Brown's Island, the area surrounding the Williams Country Club and the company's northernmost plant.

Some of the areas the company said it would retain are along Three Springs Drive, the Half Moon Industrial Park, the hot strip mill and a large portion of the riverfront.

Union leader confirmed what the real estate broker told NEWS9 over the phone, but they're waiting to finalize everything before specific details are released about a sale.

Mark Glyptis, USW Local 2911 president, said, "C.B. Richard Ellis -- which is a very, very good firm -- has been entertaining various interested parties for quite some time."

Glyptis said what's important is not only selling the land, but also developing the land.

"We're going through a metamorphosis. This area is changing and it's been so difficult to compete as a fully integrated steel mill and we're not able to do so. But we have an excellent tin product with which we can compete on a global basis, so the resources of it will be put into tin," Glyptis said. "As far as other type of industry coming to Weirton and the area, I hope it happens soon. I think it will be (but) I don't know when. There's been a number of interested parties as it relates to the sale of our land."

Glyptis said ArcelorMittal's excellent product is giving the company an excellent order book, which means opportunities are popping up for people who are looking for work. The company accepted applications from potential workers at the Serbian Cultural Center in Weirton Thursday from 6 a.m. to 4 p.m.

"If it is a done deal, it's going to be a great asset to the city," said Weirton's Mayor George Kondik. "It will be an economic boost to the city. It will be a great tax base."


Stay with NEWS9, WTOV9.com and WTOV9 Mobile for continuing coverage.

 

-PREVIOUS STORY:  March 14, 2012: ArcelorMittal to sell idle pieces of property

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