The Minnesota House of Representatives’ proposed bonding bill includes money for the Essar Minnesota Steel plant near Nashwauk and to abate the flood risk at the Canisteo Pit near Bovey. I hear that the governor is sticking to his guns about the creation of the Vermilion State Park I mentioned yesterday, however, which means that the funding that would be going to northern Minnesota will be spread thin.
One encouraging sign is that the House, Senate and Governor all recognize the need to fund the steel mill and Canisteo. Discouraging is the fact that none of them seem to fully fund the needs for these projects and that Iron Range leaders will have to track down other funding sources to get them done this year, probably from the rainy day fund at Iron Range Resources. Yes, that money is there for a reason, but it’s one time regional money for a longrange project that will give a lot to the state as a whole. The steel mill alone will need another $30 million plus to make sure that the necessary infrastructure is in place for the company to being construction this spring.
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