I'd replace the word "would" with "could." They could repair/refurbish anything broken before reselling them, OR they could sell them as-is.
There are 100-something units that CSX sold off; many or perhaps most of them were already in running/operable/Blue Carded condition. PAR could easily pick which units they want and choose the ones that are already operable without needing any work.
Another scenario, which might sound weird but it's just as plausible, is that PAR might pick the ones that are in the worst condition and work out a deal with Larry's to cobble them back into running condition, spray a couple of coats of dark blue on them, and set up a lease arrangement.
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives