FOR IMMEDIATE RELEASE:
Media Contact: Desiree Niccoli, email@example.com, 412-535-5701
RIDC SELLS MCKEESPORT RAIL ROUNDHOUSE
McKeesport, PA, October 4, 2023 — Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) has sold the historic McKeesport Connecting Railroad roundhouse, located on a 4-acre parcel at RIDC’s Industrial Center of McKeesport, to W&E Investment LLC for $273,000.
The McKeesport Connecting Railroad was a division of U.S. Steel that connected the National Tube Works Co. and later U.S. Steel’s National Works, to the Pennsylvania, Baltimore & Ohio and Pittsburgh & Lake Erie railroads.
W&E Investments is evaluating several business opportunities for the property.
“We appreciate the City of McKeesport and RIDC’s ongoing support for our business ventures in the Mon Valley,” said Tom Evans, W&E Investments Co-Owner.
“This marks the beginning of a new chapter for the McKeesport Roadhouse,” said Donald F. Smith, Jr., RIDC President. “W&E’s investment is an important sign of confidence in the future of the Mon Valley and the region as a whole. It’s also a validation of RIDC’s successful strategy over many years, as the Roundhouse is the last building on the site that hadn’t been bought or occupied.”
“Revitalizing this park overall and the historic structure in a way that supports the local economy requires patience, ongoing investment and partnerships with dedicated leaders like Mayor Michael Cherepko, Senator Jim Brewster, Lieutenant Governor Austin Davis, and now, Representative Matthew Gergely,” said Timothy White, RIDC’s Senior Vice President of Business Development and Strategy.
The mission of the Regional Industrial Development Corporation of Southwestern PA is to catalyze and support economic growth and high-quality job creation through policy advocacy, real estate development and finance of projects that advance the public interest. A not-for-profit entity, RIDC has developed over 2,800 acres in 14 industrial and innovation parks and manages over 7 million square feet. More information is available at www.ridc.org.
RIDC has repositioned this former National Tube site in McKeesport as a home for manufacturing and commercial companies. The former brownfield is now home to companies like River Materials, Inc., Dura-Bond and American Textile Company.
Mon Valley Independent – RIDC sells McKeesport railroad roundhouse
Pittsburgh Business Times – RIDC sells McKeesport roundhouse to investor group
TribLIVE – RIDC sells historic roundhouse in McKeesport