ALTON — Alton Steel Inc. said Oct. 21, 2026, it is advancing a proposed sale of its former steel mill property to data center developer TerraWatt, seeking to repay creditors and return the 381-acre industrial site to productive use.
ALTON — Alton officials are reviewing a potential proposal from Alton Steel Inc. and TerraWatt to purchase and redevelop the former Alton Steel property as a data center campus, weighing the prospect of new investment against questions about resource use and community impacts.
Defunct steel plant's owners want to sell to TerraWatt, which also is involved in a data center proposal for the old Famous-Barr warehouse in St. Louis.