Cost to raze former Sheet & Tube building is $237,000, not $72K

YOUNGSTOWN — The apparent low bid of $72,000 to demolish the former Youngstown Sheet & Tube Co. headquarters was apparently too good to be true.

The five lowest proposals for the job were either disqualified or the companies submitting them withdrew their offers.

Those proposals omitted costs for the work, had clerical errors making them incomplete and/or didn’t have the required performance bond.

The board of control today hired the All Excavating Co. of Youngstown for the work. The company’s proposal was $237,777.

That’s still well below the city’s estimate of $594,000 for the work. The city is using a state grant for the demolition project.

Also, the city will meet shortly with officials with the Ohio Department of Transportation to discuss a new proposal for a railroad-relocation project needed for V&M Star’s $650 million expansion.

The city had estimated the cost at $13.56 million. The lowest proposal it received was for $18.18 million.

For the complete story, read Friday’s Vindicator and Vindy.com