Mr Burt announced that WNYP is in negotiations with Norfolk Southern to lease the north-south railroad line running from Machias Junction to the Pennsylvania state line. This is the line that runs along the Route 16 corridor north of Hinsdale, and along the Route 417 corridor from Olean to Portville. Burt proposed that Norfolk Southern deed the line to STERA through 2017, during which time STERA would lease the line back to Norfolk Southern, which would in turn sub-lease the line to WNYP. This would allow STERA to provide a real estate tax abatement on the north-south rail line similar to that provided on the east-west rail line, as an incentive to building traffic and business development along the line......
Please see this link for the entire article and many thanks to Ron Carlson for the initial posting.
http://forums.railfan.net/forums.cgi?bo ... 1170472444
Please see this link for the entire article and many thanks to Ron Carlson for the initial posting.
http://forums.railfan.net/forums.cgi?bo ... 1170472444
