A long shot indeed!
However, those odds have never stopped Mr. Wilson before.
One must remember that many thought he was being foolish on the first piece of track he acquired.
I think however, he may have something here.
I put forth some pure speculation here for others to comment on.
Mr. Bowen, from the NJ-ARP, stated he thought NJT had the right of first refusal to buy the line from NS.
Unlike other properties that were conveyed to NJT by the Rail Passenger Services act of 1982, this line is still owned by NS (formerly Conrail).
Suppose, for this discussion, Mr. Wilson is successful in his feeder line application.
NS would be forced to sell the line to him by the STB.
If NJT wanted that line for some future transit project, they would have to buy it now from Jim Wilson.
I believe that NJT would rather find whatever money they need to buy the line now, rather than have to buy it later from the "guy in the bunny suit!"
Either way, I believe the NS has not one, but rather two offers they can now consider.
Plus, NJT may decide to bid up the price, just because its Mr. Wilson and they just "love him to death"
(death being the operative word here.)
Which ever way you want to look at this, this will be interesting.
Meghan, since your Grandfather just loves the M&E
, I put forth this bit of speculation. (And yes, it is pure speculation, designed to be thought provoking, not just provoking
)
Suppose NJT, fearing a NY&GL effort to buy the line, decides to buy the line to thwart Mr. Wilson's effort, then chooses to name a shortline operator for the line (Say, the M&E, who, by the way, still has its limited operating rights over the property.) They might even provide a subsidy to the operator, plus rehabilition funds!
As I said before, I believe this will get very interesting.
I wish I could figure out how the poll threads work on this site, it could help determine the odds better on that bet
By the way, FYI, I heard through the grapevine that M&E sales and marketing people were down in Newark recently to indentify potential customers.
I wonder where they were and what they must be thinking.
See ya all later!