| BETHLEHEM,
Pa., Feb. 28 /PRNewswire/ -- Bethlehem Steel Corporation and the
Smithsonian Institution have signed a memorandum of understanding
that could lead to the long-term lending of hundreds of the Smithsonian
Institution's industrial artifacts to a new, not-for-profit museum
corporation, the National Museum of Industrial History, to be located
here.
"This is the first formal
step toward the possible establishment of a museum of American industrial
history here in Bethlehem. The museum would be independent, but
would have an affiliation with the Smithsonian and rely upon it
as the major source of industrial artifacts," said Curtis "Hank"
Barnette, Bethlehem Steel's chairman and chief executive officer.
Mr. Barnette explained that,
following the successful completion of a feasibility study, another
agreement would detail the specifics of such a museum including
the relationship with the Smithsonian, artifacts to be loaned to
the museum, facilities to house the objects, staffing and funding.
"We expect to make a final decision within a year. Bethlehem
Steel would make available property, land and buildings to the museum
and support its activities," he said.

This agreement between the
Smithsonian Institution and Bethlehem Steel is the first in the
Smithsonian's nationwide program to share its collections across
America. At a news conference held this morning in Washington, D.C.,
Smithsonian Secretary I. Michael Heyman said:
"This understanding between
the Smithsonian and Bethlehem Steel is the first of many such cooperative
arrangements. The long-term loans of objects will allow the Smithsonian
to fulfill its goal of becoming a truly national institution. The
Smithsonian holds more than 140 million objects in trust for the
American people. I want them to see these treasures where they live,
not just in our museums."
The proposed museum at Bethlehem
Works would initially occupy 160,000 square feet in three buildings
where Bethlehem Steel produced alloy and tool steels. Mr. Barnette
said the site is part of Bethlehem Steel's local plant that made
the steel that "helped build, defend and transport America
in the last century and for virtually all of this century."
He noted that this new venture
represents opportunity, historical significance and cooperation
in a public-private partnership. The Steel leader said, "it
is an opportunity to demonstrate that the horizon of change need
not limit our vision of what the future can be."
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In
early 1996, Bethlehem Steel sold its first major structure on the
site -- its former plant office building -- to Lehigh University
for the relocation and expansion of the University's SMART Discovery
Center. In late 1996, Enterprise Development Corporation was retained
by Bethlehem to develop a master plan for the property and to help
attract investors. Enterprise Development, founded by the late James
Rouse and now chaired by Robert F. Barron, Jr., has extensive experience
in redeveloping urban and former industrial sites.
Bethlehem Steel's chairman
pointed to three key developments -- Governor Ridge's Brownfields
initiative in the Commonwealth of Pennsylvania, the rezoning of
the Bethlehem Works site by Bethlehem City Council and Secretary
Heyman's wish to share the Smithsonian collections with cities and
towns across the country -- as pivotal to the advancement of the
museum.
Brownfields legislation encourages
buyers and sellers to consider industrial sites for new ventures.
"it is possible that this effort will help set a national example
of what can be done to similar industrial sites in a true public-private
partnership by responsible corporations under appropriate environmental
laws," Mr. Barnette said.
Speaking at today's ceremonies,
Pennsylvania's Governor Tom Ridge said, "In just 18 short months,
Pennsylvania's nationally acclaimed Land Recycling Program has reclaimed
64 sites -- returning them to productivity while meeting today's
environmental standards. And in the coming months, I expect Bethlehem
Steel will be added to that list of successes."
The rezoning by Bethlehem City
Council of Bethlehem Steel's South Bethlehem complex from heavy
industrial to an industrial redevelopment district, said Mr. Barnette,
"was another significant action that said in this community
there is a strong desire to find a way to make things work in the
overall public interest."

Upon taking over the Smithsonian
in September 1994, Secretary Heyman started to consider the sharing
of Smithsonian collections outside of Washington, D.C. This ignited
Bethlehem's interest in the industrial museum concept.
Mr. Barnette concluded, "As
a good corporate citizen, we will continue to pursue with vigor
this and other activities for this site in the months and years
ahead. There will be much more, for we are only at the beginning
of what is a very promising public-private partnership."
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