Re: Goldman Sachs taking on the NWP
Author: Key Route Ken
Date: 07-02-2008 - 20:06
Bit Wrote:
-------------------------------------------------------
> Like maybe the NWP selling out? Looks like Goldman
> Sachs wants in and they want the port and rail:
> Goldman Sachs Letter
>
> "Therefore, Goldman Sachs would like to propose an
> exclusive engagement whereby the Humboldt Bay
> Harbor Recreation & Conservation District (the
> "District") engages Goldman Sachs as their
> exclusive financial advisor in connection with the
> possible concession, long-term lease or other
> arrangement involving of all or a portion of the
> District's Redwood Marine Terminal and certain
> other properties ("Terminal Facilities") currently
> owned by the District together with the 316 mile
> connecting rail line, yards and facilities ("the
> Railroad") owned by the North Coast Railroad
> Authority ("NCRA") and operated under a long-term
> arrangement by NWP, and the District's
> consideration of financing and refinancing
> alternatives in connection therewith. In
> conjunction with this potential transaction, we
> anticipate that the District will form an
> arrangement with the NCRA and NWP whereby the
> District may offer a long-term operating
> concession on the combined assets and facilities
> of the Terminal Facilities and the Railroad (a
> "Transaction")."
"Goldman Sachs is NOT going to finance anything at all regarding the NWP." Period..
And neither is the "Weather Boy" from Cordelia, either. Nor his parent Radio Station.
Especially "NOT" after seeing the extensive r-o-w photos that exist showing collapsed tunnels, washed out bridges, and airborne rails wrapped around mountain cliffs.
I might even make the effort to send a series of photos to that Sachs guy in San Francisco just for fun. I think he'll pull the plug and run like a dog with his tail between his legs.
Maybe "Mikey" can float over to Wendell on the puff of a cumulo-nimbus cloud and join forces with "Russell" in devising the newly-planned cross-state railroad.
KRK