City of Sault Ste Marie, Algoma Steel relaunch bid for huge port development – Northern Ontario Business
Approval of a new $112,000-a-year job at city hall last week signalled the quiet rebirth of what used to be the Sault’s hottest job-creation prospect
Sault Ste. Marie is shovelling some significant cash into reviving hopes of establishing a public-access port at Algoma Steel.
City officials expect to spend $793,800 over the next three years to develop the idea.
A decade ago, a Port of Algoma was considered the Sault’s top economic development priority.
But the ambitious vision evaporated after the steelmaker sought and obtained insolvency protection on Nov. 9, 2015.
