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You are here: Home / News / Dayton weighing options after Essar Steel misses $10M payment

Dayton weighing options after Essar Steel misses $10M payment

April 6, 2016 By Bill Werner

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Governor Mark Dayton says he’s weighing the state’s options after Essar Steel again reneged on a promise by not making a 10-million-dollar payment due last week.  Dayton says he’s “very, very concerned” and “extremely disappointed that Essar has not proven to be a trustworthy partner.”  Essar, which is building a taconite plant on the Iron Range, agreed in December to pay back 66 million dollars in incentives it had received after missing several project deadlines.

 

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