by newpylong
Sounds like the B&E/PAS agreement will not be done by the end of the year. Things are moving along it's just gonna take more time
Railroad Forums
Moderator: MEC407
johnpbarlow wrote: ↑Sun Feb 26, 2023 9:32 am … ie ultimately NS and CSX are the owners of the owner of the PAS real estate between Fitchburg and RJ. And at some point in the next 5 yrs(?), CSX has indicated it could sell its half of PAS to someone.Important to note that NS also has the ability to pursue a near-term purchase of CSX's 50% under proscribed terms for itself or an assignee including triggering by a CSX action, and then moving forward out to year 7 of the terms maintaining a right of first refusal for itself or an assignee with any potential CSX sale.