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Sale of Sparrows Point Property in Works

Updated: Thursday, July 10 2014, 08:22 AM EDT
Court documents indicate that a change of ownership is in the works for the former Sparrows Point steel mill property in Baltimore.

Attorneys said in a letter filed in federal court this week that arrangements are being made to sell a significant portion of the property to an unnamed local investment group. Few other details were provided.

The court filing, first reported by The Daily Record of Baltimore, was made in a federal lawsuit in which Baltimore officials sought and obtained a temporary restraining order allowing treated wastewater to continue being discharged through two pipelines on the former steel mill property.

A federal bankruptcy judge in Delaware approved a $72 million sale of the Sparrows Point steel mill in 2012 to liquidator Hilco Industrial and its partner, Environmental Liability Transfer.
AP-WF-07-10-14 1209GMT
Sale of Sparrows Point Property in Works


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