IPS Steel Working to Get Rid of Asbestos at Former Hennepin Mill
|Image credit: News Tribune|
IPS Steel of Michigan, former owner of the mill, has the goal of demolishing and salvaging the entirety of the property as quickly as possible to ensure it’s free of asbestos, said IPS Steel attorney Andrew Bossory.
On Sept. 27, a judge granted a motion allowing IPS Steel of Michigan to enter into a demolition contract with Alessio and Sons Co. of Illinois, according to online court records.
IPS Steel is the mortgagee in possession of the mill, but Hennepin Industrial Development is still the owner.
The steel mill opened in the late 1960s as Jones & Laughlin Steel Corp. It closed in 2009 and the property is now owned by Hennepin Industrial Development LLC. It previously operated under various names including ArcelorMittal and LTV Steel.
In May, a judge ordered IPS Steel could take possession of the former Hennepin steel mill site and collect profits from it.
“This ruling is based on the filing of numerous liens against the property and not based on any other alleged defaults,” the May order said.
On Monday, when asked if IPS Steel wants ownership of the mill, Bossory said he couldn’t share a firm answer at this time.
Hennepin Industrial Development will continue trying to get back possession, said William Marino with Hennepin Industrial last week.
Source: News Tribune