Amtrak returning to Atmore, Alabama? Not so fast

June 14, 2017

When embattled Alabama Gov. Robert Bentley resigned in April, some members of the Southern Rail Commission wondered whether the change in leadership would affect the effort to restore passenger rail service to the Gulf Coast. Instead, it was another hostile takeover that actually put the plan on a sidetrack.

Negotiations that had lowered the anticipated cost of the project from $2.3 billion to less than $800 million were rendered useless by the takeover, through a hedge fund, of CSX Railroad by former Canadian Pacific CEO Hunter Harrison.

Click here to read the full story.

 

Previous post:

Next post: