Let’s not get caught up in the chest thumping about retirees pensions in the aftermath of the US Steel announcement from earlier this week.
After talking to industry experts, we’re assured that US Steel is continuing to fulfill their obligations and the challenges faced by the pension plan are the same challenges that most other pension plans are dealing with.
Besides, City Councilors know full well that they have no sway over a pension plan negotiated between a private company and the Union.
What Council should be focusing on are the 300 plus hectares of unused brownfield land owned by US Steel.
They don’t need that land any time soon and that could be a great opportunity for the City.
Contrary to popular opinion, The City and the Port Authority have been wooing businesses to locate on most of those north end brownfield sites.
In fact, there’s actually a waiting list of companies who are interested in those waterfront locations.
US Steel has spent a lot of time and money over the last few years investing in Hamilton’s communities and since US Steel isn’t leaving Hamilton, as some people had reported, there’s a good chance that the City and US Steel might come to a mutual agreement on those lands.
It’s time to tone down the political grandstanding and find a way to make lemonade out of the lemons.