Location: Alton, Illinois
Project Type: Brownfield Redevelopment
Size: 635 Acres
Property Origin: Laclede Steel & Smurfit-Stone Mill
The principals of Green Investment Group were investors and officers of Alton Steel, Inc. (ASI), which acquired a closed, bankrupt steel mill in Alton, Illinois in 2001 and restarted the production process in 2003. Their efforts prevented a 100-year-old, 635-acre site from becoming a blighted area and, today, ASI employs approximately 300 employees.
The ASI project led to the formation of Green Investment Group, which in 2006, purchased the adjacent 235-acre Smurfit-Stone site in the interest of further redevelopment. To date, the environmental investigation and salvage has been completed, and GIGI currently qualifies for a no further action letter from the Illinois EPA. The Alton location is licensed and ready for development. The principals of GIGI have prepared the site for development of a future ethanol plant, and are currently negotiating with investors.
Download the SWI Energy Fact Sheet in PDF format (101kb)
Download the Project Fact Sheet in PDF format (213kb)
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