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Why did Penn Central fail?
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[quote]QUOTE: <i>Originally posted by CSXrules4eva</i> <br /><br />I think the PC failed because the PRR failed in the first place. In the late 1800s and eairly 1900s they invested tons of money into new routes like the NEC and new projects. The electrification of passanger service was a huge step and PRR underestimated how much it would cost them for this project. The Philadelphia renovation project is a prime example. Broad Street station was torn down and 30th Street station was constructed. This improved eyesores like the "Chinese Wall" near 11th street in Philly. PRR ceased opperations of the eleavated tracks near Vine St which lead straigt into Broad Street Station. The also built other new stations like Market East and Suburban Station which were underground. The underground rail from Market to 30th Street improved the eyesores, reduced theft, and increased service. Local lines in Philly like the Chesnut Hill East and West lines were upgraded significantly. Other lines in the area that were upgraded were the Norristown line, and Paoli lines. (These today are owned my SEPTA) The NEC by far was the bigest project. They had to invest time and money into excivation, new power stations, locomotives, cars, and rail infastructure. I guess all of these reasons led PRR to bankrupcy, then lead them to merge w/ New York Central. Then PC was born and fell because of the enormous debt PRR was in. THIS IS MY THINKING.. . .. . . <br />[/quote] <br /> <br />Market East was built from 1978 to 1984 by the City of Philadelphia, not by the PRR. Chestnut Hill East was built, owned and run by the Reading Railroad, never by the PRR, and the currently SEPTA owned Norristown line was the same, the PRR's Norristown line being cut back to Ivy Ridge sometime in the 70's and eventually Cynwyd, where it ends today.
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