Decision 34641
Served (printed as 4/22/2004) · Notice · Director Of Proceedings
NOTICE THAT RIVERPORT RAILROAD, LLC (RIVERPORT), FILED A VERIFIED NOTICE OF EXEMPTION UNDER 49 CFR 1150.41 TO ACQUIRE FROM JO-DAVIES/CARROL COUNTY LOCAL REDEVELOPMENT AUTHORITY (THE AUTHORITY), THE REAL ESTATE AND RAIL ASSETS OF A 50-MILE LINE OF RAILROAD LOCATED AT THE FORMER SAVANNA ARMY AMMO DEPOT NEAR SAVANNA, IL, AND ADJACENT TO THE CHICAGO TO TWIN CITIES MAIN LINE OF THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY (BNSF) AT BNSF MILEPOST 156.9. RIVERPORT HAS BEEN LEASING AND OPERATING THE LINE UNDER AN AGREEMENT WITH THE AUTHORITY SINCE 1999, AND THE SOLE PURPOSE OF THIS TRANSACTION WILL BE TO CONVERT ITS LEASEHOLD INTEREST INTO AN OWNERSHIP INTEREST.
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