The DEQ announced nearly $2.25 million in grants and loans for the Detroit/Wayne County Port Authority for the Ferrous CAL Company Redevelopment Project, located at the former McLouth Steel in Gibraltar.
The awards include a $1 million Clean Michigan Initiative Brownfield Redevelopment loan, a $1 million Revitalization Revolving loan, and a $245,000 Clean Michigan Initiative grant.
The Ferrous CAL Company will redevelop the former steel mill into a state-of-the-art facility for annealing, a process that involves heating metal or glass to increase its strength. The company anticipates the new facility will create more than 100 new jobs.
The DEQ grant and loans will be used to remove contaminated materials to help facilitate the redevelopment and ensure the safe reuse of the property. This is a joint project between the DEQ and the Michigan Economic Development Corporation, with both agencies providing funding for the project.
The Brownfield Redevelopment Program provides funding to local governments for environmental response activities on brownfield properties where redevelopment is proposed. Brownfield properties are vacant or abandoned properties with known or suspected environmental contamination.