It may be the biggest economic opportunity for Baltimore County and the Baltimore region in half a century.
It's the place where 30,000 workers once produced more steel than anywhere in the world — Sparrows Point — before it was all over.
The plant closed in mid-2012, throwing out of work the remaining employees and leaving the future of this 3,500-acre industrial tract in doubt.
A task force appointed by Baltimore County Executive Kevin Kamenetz formulated a four-pronged revival plan for Sparrows Point focused on maritime commerce; innovative manufacturing and value-added assembly; clean energy; and distribution and freight activities.
Even better news emerged this summer: A local group led by Allegis co-founder Jim Davis is negotiating to buy most of this land from the liquidator that purchased the Bethlehem Steel property.
That's a huge priority for the state, since a nearby containment site would save tens of millions in reduced disposal costs.
Eventually, that filled-in site could be converted into docking berths similar to the busy Dundalk Marine Terminal.
All this would be a win-win for the county and state.
Kamenetz's task force also envisions Sparrows Point as home to a natural gas power plant as well as solar, wind and biomass power. It makes sense, since the facilities would be far removed from residential areas but close to existing transmission lines serving the region.
The peninsula also has oodles of room for growth. Indeed, no other site in the Northeast has so much industrial-zoned land — 5.3 square miles.