$1.1 Billion Big River Steel Project Making Progress

by Jan Cottingham  on Monday, Feb. 24, 2014 12:00 am  

“I think everyone feels confident, and the investors and the principals have assured us that if the state upholds the permit, then they will proceed even if there are ongoing lawsuits in state or federal court,” Tennille said.

Chitwood said no actual site preparation has yet taken place, though Tennille said that contracts for earth-moving and foundation preparation work had been let.

“They’re beginning to spend money and put things in place,” he said. “Mr. Correnti has a history and he said it will be no different in this case: The day that [financing] closes, the bulldozers will start to move.”

Asked whether the conflict between Nucor and Big River had put the AEDC in a difficult position with Nucor, Tennille said, “I would hope not.”

“I think Nucor tends to see this as a zero-sum game,” he said. “We certainly do not. We value Nucor’s presence in Arkansas. They’re a great corporate partner. They employ a lot of people. They continue to invest.”

However, Tennille added, “There are times when from our perspective the effort to expand the state’s economy has got to trump anybody’s individual position.”

 

 

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