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And while the third agreement – with Cincinnati New Orleans & Texas Pacific Railway, a unit of Norfolk Southern – has been in place since 1881, it’s not always been smooth sailing.
Rail giant Norfolk Southern has agreed to purchase the Cincinnati Southern Railway from the city for $1.6 billion. Interest payments from the sale could be used to fund badly needed infrastructure ...
This 1896 poster urged Cincinnati voters to reject Southwestern Construction Co.'s offer to buy Cincinnati Southern Railway. The vote failed by 338 votes, 15,493 to 15,931.
Voters decided to sell the Cincinnati Southern Railway on Tuesday night to Norfolk Southern Corp. for $1.6 billion. So what now? Expect things to move quickly.
The campaign for Issue 22, which would allow the city to sell the Cincinnati Southern Railway for $1.6 billion, has just one funder.
In the Cincinnati Southern Railway lease, one section stands out because it entitles the city to a major cut of any revenue from laying fiber optic cables along the 337-mile line.
The Cincinnati Southern Railway board has selected a firm that it wants to advise it on the investment of the $1.6 billion sale of the railroad.
Cincinnati voters will decide in November whether the city can sell the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. The CSR is the only municipally-owned railroad in the country.
34 questions (and counting) about the Cincinnati Southern Railway sale, answered 91.7 WVXU | By Becca Costello Published October 29, 2023 at 10:47 AM EDT Updated November 6, 2023 at 2:47 PM EST ...
That money came from three separate donations by Norfolk Southern Railway. Norfolk Southern first donated $2 million in July before adding another $1.5 million in August and $750,000 in October.
Norfolk Southern wants to buy the railway, described as “Cincinnati’s greatest moneymaker,” for more than $1.6 billion. The rail yard behind Union Terminal in the City of Cincinnati. (WXIX) ...