GEORGETOWN, SC (WMBF) - The old ArcelorMittal steel mill in Georgetown may have a new chance at life.
Officials with Liberty House said they have reached an agreement to purchase Georgetown Steelworks. The company said the deal is set to be finalized in coming weeks.
Liberty House said it is confident the United Steelworkers union will support and assist in the process of recruiting a workforce to reopen the plant and rebuild the business.
In the meantime, the dredging project at Winyah Bay is not happening.
The people of Georgetown County approved a capital sales tax in November of 2014 to fund more than $16 million of the work.
A county spokeswoman told WMBF News that county leaders are waiting for the state to tell them what to do with the money raised by the tax.
In an email Friday morning, she said "There is not presently any defined process for what to do if an approved project cannot go forward for some reason. We believe it is likely the funds earmarked for the port will be treated in the same way excess funds are treated under the state statute, but we have not yet received any answer on this."
She told WMBF News the money could potentially go to a new HGTC Advanced Manufacturing Training that was first reported on in 2015.
The county has to wait until the tax collects enough money to fund all other projects originally voted on. That will likely happen in April 2018, according to the county.
Right now, the tax is collecting more than it was expected to collect.