Sparrows Point – Baltimore, MD
Once the largest brownfield site in North America, Sparrows Point is now on a pathway towards redevelopment. This 3,100-acre deepwater industrial port outside Baltimore had been in operation for 123 years and was once the world’s largest steel mill. Poor market conditions in the steel industry resulted in an unused, contaminated area – a temporary recession for the local community.
CDC purchased this 3,100 acre brownfield out of bankruptcy in 2013 and assumed the environmental liabilities. CDC subsequently sold the property but retained the environmental liabilities.
Today, the site has a brighter future. The 3,100 acre former steel mill is now in the later stages of environmental remediation and is currently being transformed into a major NE logistical hub called TradePoint Altantic.