Re: End of the Line for the Pikes Peak Cog Railway?

Ok...I am a bit confused here. This is how I am interpreting the articles I read, and help me out if I am wrong.

**M&PP is old and needs maintenance. Not just maintenance but some kind of capital improvement such as replacing all the track or all the motors/cars. This is a dire need, so railway must shut down immediately to address this issue. Current ownership will take a few years to assess how much money is needed to replace what needs replacing and then decide if it is worth it.**

So my question - what kind of issue came up to where the status quo was no longer acceptable? Or was this (as I suspect) a bean counter issue - the cumulative list of things that needs fixing to operate this year exceeds our budget.

If it was an issue such as all the rack is worn to the limit and needs to be replaced before we operate again at a cost of X million dollars, I can understand. I just don't understand how a railroad can operate for 100+ years and suddenly come to this.

-Kevin

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