• UP Being Taken to STB Over Tennessee Pass

  • General discussion of passenger rail proposals and systems not otherwise covered in the specific forums in this category, including high speed rail.
General discussion of passenger rail proposals and systems not otherwise covered in the specific forums in this category, including high speed rail.

Moderators: mtuandrew, gprimr1

  by eolesen
 
That seems to be the ruling just handed down for Metra and the UP - the state has no say.

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  by NHV 669
 
NotYou wrote: Fri Sep 24, 2021 5:35 pm There were two interested railroads, seems pointless to sit on it if there are multiple interested parties.
Interest in operation is nice, but then you have that pesky repair bill. I still don't see the benefit of dumping a quarter billion dollars for a through route that is boxed in on both ends.

Colorado Pacific would still have to go through UP to reach the line anyway, and the other outfit doesn't even have actual traffic to haul, let alone anything beyond a RR on paper.
  by NotYou
 
Agreed the economic fundamentals don't look too good. However as Warren Buffett's mentor Benjamin Graham wrote: the market of value of something is only what someone else is willing to pay for it now, not it's actual value. Since the two railroads were putting in time and and money on it, I would not be surprised if they still see the line as a viable business.
  by NotYou
 
Anyone else think this is going to come up again in 2022? Stefan Soloviev is feisty and UP had a chance to lease the line for $$$$ and they are in PSR mode ($$$$), I can't imagine everyone is going to sit still.
  by Shortline614
 
I don't think so but crazier things have happened. Maybe Soloviev will settle on Raton Pass for his western outlet! :wink:
  by eolesen
 
Doubtful. What makes anyone think STB would change their mind after turning it down?

UP just announced record profits for FY2021. They don't need the money that badly.