by CPSmith
Yes, OK, I see what you're saying now. Operating authority and property ownership are two different topics, but yes, if the STB were to permit abandonment, and if the abandonment were to be consummated, then Katie bar the door, there would be free-for-all for the underlying property.
As I stated in the CMRR forum, once the abandonment is consummated and the entity is no longer part of the national network, the underlying property has no more status than that of your backyard. Personally, I'm not interested in after-the-fact property issues and (generally) don't offer any opinions. I realize a lot of folks do, and hey, more power to you.
As stated in an earlier post, I don't think we'll get to that point. This case notwithstanding, I haven't seen a successful adverse abandonment case yet.
As I stated in the CMRR forum, once the abandonment is consummated and the entity is no longer part of the national network, the underlying property has no more status than that of your backyard. Personally, I'm not interested in after-the-fact property issues and (generally) don't offer any opinions. I realize a lot of folks do, and hey, more power to you.
As stated in an earlier post, I don't think we'll get to that point. This case notwithstanding, I haven't seen a successful adverse abandonment case yet.