GARY — The head of an Illinois steel company is excited about the prospect of moving to Gary, but cautioned a "tremendous amount" still has to be done before that happens.
Last month, Alliance Steel corp. submitted a bid to the redevelopment commission of $925,000 for 25 acres of land at 6200 Industrial Highway. The commission recently passed a resolution awarding the bid and authorizing the execution of a purchase agreement with the company currently based in Bedford Park, Illinois.
In the bid package submitted to the commission earlier, Chief Executive Officer Andy Gross wrote about a possible $35 million relocation to the city that would include construction of a new 250,000-square-foot production facility and accompanying offices — to be built by Valparaiso-based Chester Inc. — as well as a significant investment in new production equipment. He wrote that the relocation would result in approximately 100 new jobs in Gary.
"We are very excited about the opportunity to come to Indiana," Gross said after Wednesday's commission meeting. He added, however, that the company is looking for the state to provide incentives needed for Alliance to make such a move.
Bo Kemp, executive director of the Gary Economic Development Corp., said the city also still has to go through discussions regarding incentives and logistics. The 25 acres is within a longer parcel of land, and that property also would need to be replated.
Kemp said it could be more than two or three weeks before any deal is finalized.
"We're close, but it's not done," he said.