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  #321  
Old Posted Sep 17, 2019, 11:30 AM
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ScreamingViking ScreamingViking is offline
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Kestenbaum et al seem to be playing this very smartly, right from the initial investment through the land re-purchase to strategic spends like this one.

Quite the contrast from USS, who clearly bought Stelco to dismantle a competitor. But at least they painted things a bright blue... that was nice.
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  #322  
Old Posted Oct 11, 2019, 9:55 PM
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Stelco moving ahead with Bayfront land redevelopment plans
Steelmaker receives approval to sever its Hamilton property for future development.

Mark McNeil, The Hamilton Spectator
Oct 11, 2019
https://www.thespec.com/news-story/9...lopment-plans/



Stelco has received approval to subdivide its massive Bayfront property into different land categories, a first step in its redevelopment aspirations.

Company officials presented a map and other documentation to the City of Hamilton's committee of adjustment on Thursday, laying the groundwork for the steelmaker's plans to redraft the 310 hectares of property.

Stelco classified the land in three ways: property it is currently using for steel production (representing two parcels totalling 98 hectares); property it plans to develop in the short term (152 hectares); and land it has classified as "deferred" (54 hectares).

...

The approval Stelco received Thursday allows for the land to be severed internally, but nothing more, said city planning director Steve Robichaud. To move forward with redevelopment, a master plan and possibly rezoning would be required, along with additional approvals from the city.

Most interesting about Stelco's "deferred land" category is that it includes waterfront property along the western edge of Stelco property. That land, which is near Randle Reef, is particularly valuable because many believe it can be made part of an intermodal transportation hub for ships, trains and trucks.

Once the multi-year Randle Reef remediation project is completed in 2022, a six-hectare docking facility peninsula will go into operation on top of the reef. Combining that new facility with a port development on waterfront land along Stelco's western boundary would greatly expand the transportation hub potential of the area.

...


Full story here
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  #323  
Old Posted Oct 14, 2019, 11:01 PM
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Once the multi-year Randle Reef remediation project is completed in 2022, a six-hectare docking facility peninsula will go into operation on top of the reef. Combining that new facility with a port development on waterfront land along Stelco's western boundary would greatly expand the transportation hub potential of the area.


I thought the cap on Randle Reef was going to be a park. I'm all for it to go into shipping, Hamilton has Bay Front Park. Although the idea of a park to watch the cargo ships would be interesting.
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