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[quote]QUOTE: Originally posted by fado12c This was started by Senator Lott. There was more to it than a highway, it was supposed to spur casinos and redevelopment in a depressed area. My understanding was that CSX didn't want it anyway - no advantage to them and they just rebuilt the current line. [/quote] Actually, that isn't quite true. CSX is sitting on the fence. Remember, they get $700 Million for the ROW. CSX just rebuilt it for about $300 MIllion with $250 Million coming from insurance. So, since the state doesn't need the track, if the deal goes through you can figure that CSX will also be able to pick up all that BRAND NEW material. So the deal probably has value of closer to $900 Million for CSX. There is very little industry on the line west of Pascagoula (where the line would end). As Mississippi folks might say, "that ain't chicken feed, neither..." Also, lets not forget that although CSX was able to rebuild this time, do you really think that the insurance companies will ever want to insure that line again after Katrina??? Not on your life... So there are indeed advantages for CSX to accepting some sort of deal. Will it happen? Only the shadow knows... LC
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