Company files papers to scrap 83-mile rail line
Published: September 22,2011
GRENADA — The new owners of the Grenada rail line have filed papers with the federal government to abandon the track and sell it for scrap.
The line abandonment would permanently stall plans to reopen a local rail line.
Local officials want the line kept open as a possible boost for the economy.
Grenada Railway, LLC, filed with the National Surface Transportation Board Sept. 20 a notice to abandon that 83-mile stretch of track.
Grenada Railway officials say the line lost $100,000 last year and has already lost $100,000 this year.
The entire Grenada Line runs 175 miles from the Tennessee border into Mississippi to Canton. Grenada Railway, according to NSTC documents, will retain the track north of Grenada.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Brandon man hauls in record 756-pound alligator
- McDaniel delays decision on whether to appeal dismissal of lawsuit
- More than a dozen school districts sue state over funding
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Is cotton looking too good? Farmers facing weaker prices
- Jackson to get C Spire's high-speed internet
- New York firm buying majority interest in Tupelo mall, shopping center
- Bryant issues executive order to establish Delta water task force