Jobs Deal For Badin Falls Apart
Clean Tech has abandoned plans to open a silicon metal and recycled steel plant on the former Alcoa smelter site in Badin. Clean Tech had threatened to pull its plans unless Stanly County Commissioners withdrew their opposition to another hydropower license for Alcoa. Negotiations between Clean Tech, Alcoa and Stanly County dragged on for months, culminating in a flurry of meetings and conference calls last week. But the truth is, all sides had dug in their heels long ago. Alcoa and Clean Tech insisted they could only bring 450 jobs to the former smelter site if Alcoa received another 50 year license to operate dams on the Yadkin River. Stanly County Commissioners wouldn't budge in their opposition to Alcoa's license. "It seems at the end of the day to be that Alcoa is the one that's asking us to exchange a promise of jobs for a license," says Stanly County Commission Chairman Lindsey Dunevant. Stanly County Commissioners believe the four dams Alcoa operates on the Yadkin River are worth more than any financial assurances Alcoa and Clean Tech were willing to offer in the jobs deal. The investors behind Clean Tech have a spotty record of creating jobs in recent years, including a rebar plant in Mississippi that was supposed to open in 2010, but has yet to be built.