This month's Railpace magazine has a lengthy article on the remains of the Bay Coast, which says in part "Delmarva Central Railroad is leasing the tracks from Hallwood northward to Pocomoke City. Upgrading to Class-2 status from Lecato to Pocomoke City will soon be completed, enabling 25 MPH operation. The work involves replacing 2,300 ties per mile. From Lecato to Hallwood 700 ties per mile were replaced, raising that area to Class 1, which allows 10 MPH."
There is a great deal more about the potential sale of the properties in Cape Charles and Little Creek, both owned by Canonie Atlantic Company. Its a pretty complicated story, but suffice to say there is a claim of mismanagement by the previous leadership (ie; the barge rebuilt for $1,000.000, never used then sold for $179,000). Dickie Foster is still in the picture, on the hook for half the costs of abandonment. Canonie is apparently trying desperately to sell both yards and owes the Virginia Department of Rail and Public Transportation $120,000. Sale of the Cape Charles Yard to the city has fallen through. The yard was once valued at $4 million, but I guess its not worth anything if you can't find a buyer. There is much more info in the article and is worth purchasing.