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STB sets price for the Coos Bay Rail Line
Author: Siskiyou Rail Fan
Date: 11-20-2008 - 08:23

The Surface Transportation Board has issued its final decision this morning concerning the setting of a price for the Coos Bay Rail Line.
The STB ordered the sale of the Coos Bay Rail line to the International Port of Coos Bay on October 31st.
The STB set a value on the land but ordered the Port to submit additional information relating to update steel prices.
The STB used the Ports data and price information submitted by Central Oregon & Pacific Railroad to come up with a purchase price.
Today the STB set the total purchase price of the 111 mile rail line at $16,605,987 . In the same decision today the STB denied Congressman Peter Defazio’s request for additional time for the Port to complete the deal.
The decision states the Port must notify the STB and CORP by December 1st if it wishes to proceed and complete the purchase at the price set by the STB.

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Subject Written By Date/Time (PST)
  STB sets price for the Coos Bay Rail Line Siskiyou Rail Fan 11-20-2008 - 08:23
  Re: STB sets price for the Coos Bay Rail Line Samnberry 11-20-2008 - 20:06
  Port agrees to buy the Coos Bay Rail Line Siskiyou Rail Fan 11-21-2008 - 08:47
  Re: Port agrees to buy the Coos Bay Rail Line SP5103 11-21-2008 - 09:54
  Re: Port agrees to buy the Coos Bay Rail Line Scott Schiechl 11-21-2008 - 11:08
  Re: Port agrees to buy the Coos Bay Rail Line George Andrews 11-21-2008 - 12:50
  Re: Port agrees to buy the Coos Bay Rail Line Rich Hunn 11-21-2008 - 16:35


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