The election was held yesterday, which included issue 22.
Cincinnati voted in favor of selling the municipal-owned Cincinnati Southern Railway to Norfolk Southern. It passed with 52% of the vote.
The sale of the 337-mile railroad from Cincinnati to Chattanooga will not close until March of 2024, at the earliest.
A five-member board, which includes two former mayors, will oversee the $1.6 billion trust fund.
Cincinnati Southern Railroad
Re: Cincinnati Southern Railroad
Wow. I am actually shocked this passed. I think at this point the rental fees from the lease to NS simply didn't make up for the amount they can gain through the sale. Le's just hope the trust fund is well managed for what it is intended to be used for, and the money doesn't get lost in red tape and pet projects.GTW6401 wrote: ↑Wed Nov 08, 2023 8:07 pmThe election was held yesterday, which included issue 22.
Cincinnati voted in favor of selling the municipal-owned Cincinnati Southern Railway to Norfolk Southern. It passed with 52% of the vote.
The sale of the 337-mile railroad from Cincinnati to Chattanooga will not close until March of 2024, at the earliest.
A five-member board, which includes two former mayors, will oversee the $1.6 billion trust fund.
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Re: Cincinnati Southern Railroad
I know one former Mayor of Cincinnati that wrote checks to hookers.chapmaja wrote: ↑Thu Nov 09, 2023 8:29 amWow. I am actually shocked this passed. I think at this point the rental fees from the lease to NS simply didn't make up for the amount they can gain through the sale. Le's just hope the trust fund is well managed for what it is intended to be used for, and the money doesn't get lost in red tape and pet projects.GTW6401 wrote: ↑Wed Nov 08, 2023 8:07 pmThe election was held yesterday, which included issue 22.
Cincinnati voted in favor of selling the municipal-owned Cincinnati Southern Railway to Norfolk Southern. It passed with 52% of the vote.
The sale of the 337-mile railroad from Cincinnati to Chattanooga will not close until March of 2024, at the earliest.
A five-member board, which includes two former mayors, will oversee the $1.6 billion trust fund.
Kiss that $1.6B goodbye lol
Re: Cincinnati Southern Railroad
Luken and Mallory are the former mayors on the board. The five-member board has existed for years.
State law requires it to be spent on infrastructure.
The first spending would come in the city’s 2025 fiscal year capital budget.
State law requires it to be spent on infrastructure.
The first spending would come in the city’s 2025 fiscal year capital budget.
Re: Cincinnati Southern Railroad
I know one former Mayor of Cincinnati that wrote checks to hookers.
I never knew one that did.
Ken.
I never knew one that did.
Ken.
Re: Cincinnati Southern Railroad
He died in April, well beyond the end of his political career.LansingRailFan wrote: ↑Sat Nov 11, 2023 3:47 pmchapmaja wrote: ↑Thu Nov 09, 2023 8:29 amWow. I am actually shocked this passed. I think at this point the rental fees from the lease to NS simply didn't make up for the amount they can gain through the sale. Le's just hope the trust fund is well managed for what it is intended to be used for, and the money doesn't get lost in red tape and pet projects.GTW6401 wrote: ↑Wed Nov 08, 2023 8:07 pmThe election was held yesterday, which included issue 22.
Cincinnati voted in favor of selling the municipal-owned Cincinnati Southern Railway to Norfolk Southern. It passed with 52% of the vote.
The sale of the 337-mile railroad from Cincinnati to Chattanooga will not close until March of 2024, at the earliest.
A five-member board, which includes two former mayors, will oversee the $1.6 billion trust fund.
I know one former Mayor of Cincinnati that wrote checks to hookers.
Kiss that $1.6B goodbye lol
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Re: Cincinnati Southern Railroad
Ken,
Maury Povich
Thank you.
Sincerely,
Snow
Re: Cincinnati Southern Railroad
Wrong politician turned trashy talk show host.LansingRailFan wrote: ↑Thu Nov 16, 2023 6:20 pmKen,
Maury Povich
Thank you.
Sincerely,
Fluffy White pieces of Death