Company files papers to scrap 83-mile rail line
by Associated Press
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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide
- Chris McDaniel responds to radio show audio clip