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Port agrees to buy the Coos Bay Rail Line
Author: Siskiyou Rail Fan
Date: 11-21-2008 - 08:47

The International Port of Coos Bay has agreed to buy the rail line that runs from Eugene to Coos Bay.
The Surface Transportation Board set the price at 16.6 million dollars for the 111 mile branch line.
According to an article published in the Coos Bay World, Port officials met last night for more than an hour to discuss yesterday mornings Surface Transportation decision.
They all agreed to authorize Executive Director Jeffery Bishop to move forward with the purchase, with one important exception. He must file for a price reconsideration.
The Port has to file a final answer to the STB by December 1st. The deal must be completed by February 18th.
Shippers representative Bob Ragon estimates it will take another 20 million dollars to repair the line.

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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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