by Cowford
The state and MM&A are still in negotiations. Bob Grindrod, MM&A's CEO, told Mainebiz in May that the value of the land and tracks is closer to $27 million.$27 million? Is Mr Grindrod trying to sell the line to Chumlee on Pawn Stars? So Bob, are you looking to pawn it or sell it?
They could put this money into the Canada operation (Money maker)"Money maker" is a questionable label. And IMO, it's doubtful that any proceeds raised from such a sale would be pumped back into the remaining system.
If the NBSR picked up the line, MMA could have an upper hand. Traffic heading west would have to either back track to CN or PAR.In the scenario of an NBSR operation, such backtracking to St John wouldn't be considered... rather, they would route western traffic to the CN over St Leonard. The PAR routing wouldn't be circuitous to any great extent either. If this happens, one thing is guaranteed: MMA's revenue per car is going to plummet on the former "BAR" business they retain.