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Will Gant
Can someone de-lawyer speak this for me. Not exactly sure what I'm reading and what it means
Here's my interpretation:
[*] The SL&RG owns the Massachusetts Coastal Railroad, a 99-mile shortline on Cape Cod.
[*] The trustee handling the SL&RG's bankruptcy is now auctioning off the Massachusetts Coastal Railroad.
[*] There is one bid so far, for $952,559,
[*] Anyone else that wants to bid on the Mass Coastal has to offer at least 10% more.
My recollection is that 50 or so miles of Mass Coastal's track was upgraded a few years ago so that the MBTA could run weekend passenger service to Cape Cod on it.
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Chris Webster