by b&m 1566
Is there a link to the STB filing?
It takes real skill to choke on air, fall up the stairs and trip over nothing. I have those skills.
Moderators: MEC407, NHN503
NET obtained new financing from a Boston-based real estate development company, GFI Partners ("GFI"). GFI and
NET have entered into an Operating Agreement that establishes a new entity, Wilmington Woburn Intermodal, LLC ("WWI"), that will own and operate the
facilities that were to be constructed and acquired by NET. Under that new arrangement, NET and an entity established by GFI, Eames Street Member, LLC
("Eames"), will each own 50% of WWI. While GFI will provide financing through Eames, both parties will share in the management. Neither GFI nor Eames
owns any other railroads or entities subject to the jurisdiction of the Board. Pursuant to 49 CFR § 1117 .1, Eames and NET request that the Board
substitute WWI as the Petitioner in FD 34797 Sub. No. I. This substitution will not result in any substantive change to their proposal or any of the transportation or
environmental issues associated with this docket. The only change will be to insert the entity providing the financing for this project into the ownership of the owning
and operating entity.