by sleepy
I have been reading on the NERAIL list that some investor is offering to buy the B&ML. He also has some abusurd plan on investing 300 million in railroad projects in Maine. Is this some sort of hoax, or is this guy nuts? Not that i'm against spending money like that to improve railroad infastructure in Maine, I just think that 300 million will be a poor investment. Come on, the Downeaster doesn't even turn a profit, it relies on subsidies, and the Maine Eastern may make a modest profit but it has all the infastructure paid for by the state.