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[quote]QUOTE: Originally posted by futuremodal [quote]QUOTE: Originally posted by rrandb Hey Dave how about you get those New York bankers to open their purses so the railroads can build those 4 main lines. Those buildings you mentioned are either built with Tax or Tax-Exempt funds. They are not required to answer to investors and bankers. The exception may be private schols that are built with generous endowments. I know of no RR's that can afford the luxury of living for Easter Sundays. [/quote] The big difference of course is that the RR's, (unlike hotels, movie theatres, etc) had the capacity a few decades ago but gave it all away for some proverbial magic beans. Now they want it back, and they want the taxpayers to foot the bill. The reason is quite understandable: Litigatory spectors haunt all such projects these days. That's why DM&E needs federal help for a project that everyone seems to agree is right for the times. How many New York bankers want their investment funds tied up in frivolous lawsuits for years on end? And BTW, most hotels and such are paid for by private investment. [/quote] Real financial types from Wall Street and many other places are throwing cash at railroads right now, or haven't you noticed the steep rise in share prices among those publicly traded??? Further, even short lines enjoy a rich investment environment these days. In the railroad financial meetings I attend each year I hear more enthusiasm than fear of lawsuits. Litigation is a risk of doing business like anything else. Investors are far more afraid of the government than of the courts...
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