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Valley Courier article "Rio Grande Scenic Railroad in receivership" (Nov 26, 2019)

November 26, 2019 06:18PM avatar
A Nov 26, 2019 article from the Valley Courier: Rio Grande Scenic Railroad in receivership

Here's a short quote of the article - the last sentence is especially interesting:
Quote
Valley Courier
In a meeting held Tuesday, Nov. 12, by the Upper Rio Grande Economic Development group, Rio Grande County Commissioner John Noffsker updated the organization on the most recent news, which was that the entire line, including the one from Alamosa to La Veta had filed for bankruptcy.

“The Rio Grande Scenic Railroad is in receivership. Ed Eillis has been fired and they have shut down the excursion train. We have done an analysis as best we could and the economic impact on the Valley from not having the train is huge. Right now, it is in federal bankruptcy court and there is a lot of technical things going on. At the end of the day, we are hoping to get to have a chance in court because this railroad owes close to $2 million in property taxes in several counties,” stated Noffsker.

“We at first thought of it as money that was lost, but that is not true. It will take a lot of work, but we may be able to recover a lot of that money. The main goal is to keep an operating railroad here in the Valley. Anyone who has ever dealt with the railroad, knows that it can be a mess, but Rio Grande County has kind of taken the lead on this and we are working to get this into the proper court. We are trying to determine whether or not the bankruptcy court is the proper venue or whether or not to try and acquire the line.”



Edited 1 time(s). Last edit at 11/26/2019 06:19PM by Chris Webster.
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Valley Courier article "Rio Grande Scenic Railroad in receivership" (Nov 26, 2019)

Chris Webster November 26, 2019 06:18PM

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Samart November 26, 2019 06:37PM

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Earl November 26, 2019 11:28PM

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Chris Webster November 27, 2019 09:11AM

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Greg Scholl November 27, 2019 09:16AM

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SR_Krause November 27, 2019 11:53AM

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Greg Scholl November 27, 2019 12:02PM

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Sam Seiber November 27, 2019 09:39AM

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Russo Loco November 28, 2019 06:35PM

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Scott Turner December 02, 2019 01:13PM

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Chris Webster November 27, 2019 08:58AM

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Steve Forney November 27, 2019 10:34AM

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evankamp November 27, 2019 10:41AM

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Tomstp November 27, 2019 10:59AM

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Russo Loco November 27, 2019 11:48AM

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Steve Forney November 27, 2019 12:04PM

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GeorgeGaskill November 27, 2019 12:56PM

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michael November 26, 2019 06:42PM

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trainrider47 November 26, 2019 06:48PM

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Dirk Ramsey November 26, 2019 06:53PM

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michael November 26, 2019 07:13PM

Re: Valley Courier article "Rio Grande Scenic Railroad in receivership" (Nov 26, 2019)

Brian Norden November 26, 2019 07:40PM

Status of the #18, #20, #1744, etc.

JDLX November 26, 2019 09:54PM

Re: Valley Courier article "Rio Grande Scenic Railroad in receivership" (Nov 26, 2019)

Railfan1996 November 26, 2019 10:33PM

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Tom Peterman November 27, 2019 07:45AM

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trainrider47 November 27, 2019 08:06AM

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Earl November 27, 2019 10:56AM

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michael November 27, 2019 01:09PM

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Earl November 27, 2019 02:29PM

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bnsf dispr November 27, 2019 02:55PM

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bnsf dispr November 27, 2019 02:53PM

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Ed Horan November 27, 2019 04:31PM

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Tomstp November 27, 2019 08:18PM

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Loco Bill November 28, 2019 06:40AM

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nickgully November 28, 2019 07:18AM

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nedsn3 November 28, 2019 08:16AM

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DanS November 29, 2019 06:21AM

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gregcoit November 29, 2019 12:13PM

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ND Holmes November 29, 2019 12:34PM

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Rader Sidetrack November 29, 2019 12:57PM

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jim pallow November 28, 2019 09:23AM

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Sam Seiber November 28, 2019 12:21PM

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dave2-8-0 November 28, 2019 09:11PM

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Russo Loco November 29, 2019 05:40PM



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