Experts with the Urban Land Institute will meet with Georgetown area political and business leaders by early fall to plot a strategy for redevelopment of the former ArcelorMittal steel mill located adjacent to the coastal city’s historic waterfront district.

The mill, situated on a roughly 60-acre parcel hugging the Sampit River, was shuttered about a year ago — the victim of cheap Chinese-made steel flooding world markets and declining demand for the wire rods it produced. The financially troubled plant, which opened in 1969, had experienced a series of shutdowns and ownership changes before ArcelorMittal closed it for good in August, laying off 226 workers.

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