City of Lorain hopes new owner of US Steel will bring new life, jobs to idled plant
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Japan-based Nippon Steel in an all-cash deal valued at approximately $14.1 billion.
In Lorain, the sounds of steelmaking have been silent for more than three years. However, Mayor Jack Bradley has high hopes that the plant may one day return to its previous glory.
"We're hoping to have some communication with Nippon, and hopefully have some positive vibrations regarding opening the plant back up in Lorain," said Bradley, who spoke to 3News while on vacation in South Carolina.
When the U.S. Steel Tubular Operations plant in Lorain closed in 2020, the city lost income tax revenue from more than 1,500 jobs. The impact of the loss was dramatic.
"Without those tax dollars, the city of Lorain actually went through somewhat of a recession," Bradley, whose grandfather was a steelworker at that very plant, admitted.
Steelmaking has a rich history in Lorain that dates back to the late 1800s and early 1900s, when steel companies brought in immigrant workers from Mexico and Puerto Rico. They settled in neighborhoods along East 30th Street and Vine Avenue, which grew to become one of the largest Latino communities in Ohio.
While Bradley is disappointed that Cleveland Cliffs was outbid by Nippon, he hopes the new owner will bring back not just any jobs, but good-paying union jobs.
Lynna Lai reports: www.wkyc.com/article/news/loc...
Пікірлер: 20
Puerto Ricians aren't "immigrants workers". We are U.S. citizens.
@jeffracer6231
7 ай бұрын
Amen
Alabama has the machinery from Lorain already.
@tommas2674
7 ай бұрын
Don't be dumb. The rest of the jobs will go,like all the last 6 decades. Befire Biden installed us steel was going 2 put an additional facility in pittsburgh.
Cleveland-Cliffs bid $10B in cash and asset swaps, so saying that the Nippon bid was twice the value of theirs is not true. For everyone unhappy about it, would YOU throw away $4B just to keep a small number of people employed and the already largest producer of flat steel in North America on top? Nippon makes quality steel. They've come a long way over the last 60 years, and those rusty Japanese cars you remember were no worse than the American malaise-era ones produced around the same time. How many of either are still on the road? Whichever plants they continue to operate will be highly automated, but they should be pretty stable. There is no guarantee that any one plant will be reopened or continue operations if they're buying the whole company. USS already dismantled the Lorain equipment, so it will more than likely get razed. Maybe they'll get a new Amazon distribution center and a Dollar General in its place.
Tear that thing down and build something else. They stripped all working equipment out if it already. Move on, steel and Ford are not coming back.
@jeffracer6231
7 ай бұрын
Ford is not coming back? I think you need to take a ride down north abbe and look at the billions of dollars Ford motor company is investing
@grdndsjr
7 ай бұрын
@jeffracer6231 Really, go ride down Baumhart Rd. And get back to me. That is where the Lorain assembly plant used to be right? Not to be confused with the Avon plant.
@robertszallavarysullivan9570
3 ай бұрын
What do you suggest, a fast food restaurant? The USA has no meaningful industrial base any more.
@grdndsjr
3 ай бұрын
I don't know what they could put down there but at least clean it up and make it available to be developed. Maybe a domed football stadium and complex 🤔 😁
Passed by on my way to Cedar Point. I’m so sad to see what Lorain has become. So different from when I was growing up there.😢
99 year lease .
When people complain about this yet critisize communism and “socialism” it makes me laugh. And my soul cry
Yea for Bidenomics! 🙄
@jeffracer6231
7 ай бұрын
Yes sir Bidenomics at its best smfh 🤮