Ohio Company Buys Former RG Steel Building (Wheeling, Moundsville: sale, lease)

[elewis7]

Ohio Company Buys Former RG Steel Building

We don't get to see much news about Wheeling here (outside the gas industry) so I figured the sale of a 13-story building would be at least somewhat noteworthy.

[CTMountaineer]

I'm very familiar with that building, being originally from Wheeling.

During the highlight years of America's industrial prowess (before the super rich
elitists decided they would shaft our average citizen and seek the cheapest labor
available regardless of the social cost to the Nation), and as recently as the early
1980s that building was a beehive of activity for the most prosperous industrial
enterprise in our state.

I don't mean to imply that the workers were without fault in the matter. Union
demands had become so excessive that the company's employees were actually
getting 12 weeks paid vacation every 3 years in addition to 2 weeks during the
other 2 years, and actually had a contract where they make a profit by being
laid off. The Union was beyond greedy, but the super rich certainly went way
beyond what was necessary when they decided to simply close up shop and
buy all their steel from Japan, devastating an entire region in the process.

Score one for the open border advocates, and score a huge loss for everyone
else.

Downtown Wheeling was once a thriving location, with many office workers,
restaurants, and a very lively night life. After 1985 it became essentially a
ghost town with one business after another either closing, or packing up and
moving out of town. Even those that remained in the area ended up doing the
majority of their actual business elsewhere. The economic pride of West Virginia
was reduced to has been status with the rich folks still in place, but everyone
else suffering and moving unless they wanted to work for minimum wage or
be on welfare. State government helped destroy the place by moving hundreds
of jobs in Moundsville to Fayette County to appease a Governor who had a cousin
with a useless farm to sell.

Truthfully, I am surprised they found someone who would pay that much for the
once luxurious facility. Hopefully this signals some sort of turnaround, because
Wheeling does not deserve the fate imposed on it by the ultra wealthy.

Do you have any information as to what they will be doing with the place?

[elewis7]

Thanks for the history, CT. Last I heard, the developer will renovate the building and lease it out for offices

[CTMountaineer]

Originally Posted by elewis7

Thanks for the history, CT. Last I heard, the developer will renovate the building and lease it out for offices

I'm hoping this means they actually have companies lined up as tenants. When you consider that major investments in natural gas processing being made in the area, perhaps it is related to that?