Bethlehem Steel

Bethlehem Steel / Sparrows Point 
Sparrows Point, Maryland

Poor market conditions resulted in an RG Steel bankruptcy and the largest brownfield development project in North America In 2014. ELT purchased 14 MSF of buildings on 3,100 Acres at Sparrows Point. A CDC affiliate company assumed the environmental liabilities and signed consent orders with the EPA and MDE. The company subsequently sold the real estate, and retained the environmental liabilities. Environmental issues include Soil & groundwater impacts from 100+ years of steel manufacturing.

“The potential for redevelopment could yield as many as 10,000 jobs within 10 to 15 years.” 

– Baltimore Sun

Catalyst for Re-development: Our environmental remediation work at Sparrows Point prepared this distressed property for the development of “Tradepoint Atlantic” –  an international trade hub expected to create$2.9 billion in regional economic activity.