Go to: Message List•New Topic•Search
Port of Coos Bay-Coos Bay Rail Line
Author: Siskiyou Rail Fan
Date: 11-26-2008 - 07:46

From KQEN Radio, Roseburg, OR:



Port of Coos Bay

The International Port of Coos Bay has filed a Petition with the Surface Transportation Board for a price reconsideration for the Coos Bay Rail Line.
The Port asked the STB last week for the formula that was used to set the net liquidated value for the rail line.
The STB provided the confidential information and the Port yesterday afternoon filed for the reconsideration.
The Port stated that they found a technical error in the Boards calculations and asked for a decrease in the purchase price by $20-thousand dollars.
If the Board agrees with the Port’s filing the new purchase price would be $16, 585,760.00 . The STB is expected to make a quick decision
On the Port’s filing request.
The Port still has until Monday at 2PM to let the STB and the Central Oregon & Pacific Railroad know if they intend to accept the STB’s set price for the line.

Navigate: Previous Message•Next Message
Options: Reply To This Message•Quote This Message


Subject Written By Date/Time (PST)
  Port of Coos Bay-Coos Bay Rail Line Siskiyou Rail Fan 11-26-2008 - 07:46


Go to: Message List•Search
Subject: 
Your Name: 
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **         **     **  **     **  ********   **    ** 
 **    **   ***   ***  **     **  **     **  **   **  
 **    **   **** ****  **     **  **     **  **  **   
 **    **   ** *** **  *********  **     **  *****    
 *********  **     **  **     **  **     **  **  **   
       **   **     **  **     **  **     **  **   **  
       **   **     **  **     **  ********   **    **
This message board is maintained by:Altamont Press
You can send us an email at altamontpress1@gmail.com