Construction Finance
Dec 2, 2025

$44M in Li-Cycle Construction Liens Paid, Project Resumes

Westside Construction Group
Building Better Blogs.

Major Rochester Manufacturing Project Moves Forward After Contractor Settlement

More than $44 million in past-due construction bills for work on the former Li-Cycle Rochester Hub have been paid, initiating the release of a dozen contractor liens on the lithium-ion battery recycling facility at 205 McLaughlin Road in Greece (Rochester area).

The settlement, documented through filings with the Monroe County Clerk's Office on November 18, 2025, represents a critical turning point for one of Rochester's most significant recent manufacturing investments and signals potential resumption of construction at the long-stalled facility.

The Settlement Details

Nine creditors have released construction liens that were filed late in 2023 and throughout 2024, according to Monroe County records. Major contractors receiving payment include:

  • LeChase Construction Services of Greece: $11.75 million (two separate liens)
  • Frank Lill & Son of Victor: $8.7 million (two separate liens)
  • Hatch Associates Consultants, Inc. of Mississauga, Ontario: $8.22 million
  • Andronaco Industries LLC of Kentwood, Michigan: $7.42 million
  • Additional creditors totaling remaining $8.11 million

The successful payment of these liens by Glencore (Li-Cycle's successor entity through GBR HubCo LLC) removes a major impediment to project resumption.

What This Means for Rochester Construction Contractors

The lien release demonstrates that Rochester's construction contracting community has enforceable security interests in major projects and that significant industrial development work continues to generate substantial opportunities—even amid project disruptions.

For contractors bidding on similar large-scale manufacturing facilities, this case study offers important lessons in:

  • Lien documentation and enforcement - Proper filing procedures protect contractor interests
  • Project risk assessment - Client financial stability matters critically for large projects
  • Contract terms for payment security - Negotiating favorable payment schedules and retention provisions
  • Bonding requirements - Ensuring performance and payment bonds are in place

The willingness of major contractors like LeChase (Greece-based heavy construction firm) and Frank Lill & Son (Victor-based construction company) to pursue lien enforcement demonstrates the Rochester-area contractor's commitment to protecting their interests.

Project Background: From Concept to Bankruptcy and Recovery

The Li-Cycle Rochester Hub represents an ambitious attempt to develop battery recycling capacity in western New York. Originally announced in November 2022, the facility was expected to process lithium-ion batteries from electric vehicles and energy storage systems.

Timeline of events:

  • November 2022: Li-Cycle announces Rochester Hub with plans to hire approximately 250 workers
  • Early 2023: Construction begins; initial cost estimates around $500 million
  • October 2023: Construction halts due to escalating building costs and financial constraints
  • Early 2025: Cost estimates escalate to nearly $1 billion (double original projections)
  • May 2025: Li-Cycle Holdings Corp. files for bankruptcy
  • August 2025: Swiss-based mining and commodities giant Glencore acquires Li-Cycle assets out of bankruptcy
  • August 2025: Glencore (through GBR HubCo) assumes lease and PILOT (payment in lieu of taxes) agreements
  • November 18, 2025: $44 million in construction liens released following payment

The Federal Funding Challenge

A critical factor in Li-Cycle's financial deterioration was the U.S. Department of Energy's withholding of a $375 million loan that was initially expected to support the project. When the federal government delayed loan issuance, the company lacked sufficient working capital to manage rapidly escalating construction costs.

This illustrates a key challenge for manufacturing and industrial projects: dependence on federal financing commitments and the impact when anticipated funding faces delays or conditions.

Glencore's Strategic Interest

Swiss-based Glencore, a global mining and commodities corporation with existing substantial investments in Li-Cycle, made the strategic decision to acquire the company's assets out of bankruptcy. Glencore's interest reflects the growing importance of battery recycling capacity in the global transition to electric vehicles.

In August 2025, Glencore officials assured Monroe County Industrial Development Agency (COMIDA) that the company intended to:

  • Resume construction at the Greece facility
  • Bring recycling activities online
  • Maintain employment commitments

Based on these assurances, the COMIDA board unanimously approved Glencore's assumption of the lease agreement and tax abatement (PILOT arrangement).

What This Means for Manufacturing in Rochester

The project's trajectory—from ambitious announcement through construction challenges, bankruptcy, and recovery under new ownership—reflects several realities of industrial manufacturing development:

  • Scale matters: Rapidly escalating construction costs ($500M to $1B) require robust financing structures
  • Federal funding dependencies: Projects relying on government financing must account for potential delays
  • Ownership transitions: Strategic investors can rescue projects when original developers encounter difficulties
  • Local partnership importance: Strong relationships with local development agencies (like COMIDA) support project recovery

The Path Forward

With liens released and Glencore in control, the project faces clearer conditions for resumption. However, the COMIDA Executive Director Ana Liss noted in November 2025 that the agency remains "in contact with Glencore officials" but is "still awaiting updates from them about the specificity and scope of their plans for the Greece site."

This suggests that while the financial obstacles have been cleared, the company has not yet publicly committed to specific construction timelines or operational schedules.

Employment and Economic Implications

When originally announced, the Li-Cycle Rochester Hub was expected to create approximately 250 skilled manufacturing jobs. Beyond direct employment, the facility would have supported:

  • Engineering and technical jobs in Rochester's optics and advanced manufacturing sector
  • Supply chain development for battery recycling inputs
  • Support services for the facility's operations
  • Broader positioning of Rochester in the EV battery supply chain

Successful resumption of construction would reinvigorate these economic benefits and signal Rochester's continued importance as a manufacturing and technology hub.

Lessons for Construction Finance and Project Management

The Li-Cycle case offers instructive lessons for construction professionals:

  • Contractor liens are effective security tools - When properly filed, they provide leverage to recover payment
  • Project financing structures are critical - Depend on verified funding commitments, not optimistic assumptions
  • Cost estimation matters - A 100% cost increase signals fundamental project challenges
  • Ownership changes can rescue projects - Strategic investors view distressed projects differently than original developers

Sources

Rochester Business Journal reporting by Kevin Oklobzija (November 18, 2025); Monroe County Clerk's Office filings (November 18, 2025); Monroe County Industrial Development Agency (COMIDA) records and statements; Glencore corporate announcements (August 2025).

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