IPH's Grenada Railroad in play ... STB filing
Recent threads here at AP have speculated on troubled IPH possibly selling off Grenada Railroad.
As part of an STB filing dealing with paperwork regarding transfer of railroads between various IPH subsidiaries, is this snippet regarding the Grenada Railroad owned by Iowa Pacific Holdings:
Quote:STB/ Federal RegisterThe Parties further state that they propose to sell a majority interest in GRR to a third party ``that will invest substantial assets in the Line to more fully
develop its potential.'' \1\
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\1\ This notice of exemption applies only to the intra-corporate
family transfer of GRR from PBR to SLRG, not to any proposed sale of
GRR to a third party.
Read the whole filing here:
[
www.gpo.gov]
In that filing "GRR" is Grenada Railroad, LLC (GRR).