Wednesday, June 6, 2007

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Bid for steel mill still up in the air

BATON ROUGE -- Gov. Kathleen Blanco said Thursday that it may be another two or three months before she knows whether a German corporation will build a $2.9 billion steel plant in St. James Parish or spurn the state for a rival site in Alabama.

Blanco's comments came as she stepped off a jet at Baton Rouge Metropolitan Airport from Dusseldorf, Germany, where she met with executives of ThyssenKrupp AG, who are reviewing the economic development pitches of both states before making a decision on where to locate the steel mill that will employ 2,700 people.

Blanco estimated the timetable for a decision based on her conversations with company officials during rounds of meetings from Sunday through Wednesday. She pointed out that ThyssenKrupp indicated earlier that they would have announced a site in December but that a decision was delayed.

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