NNG: Bankruptcy judge approves SLRG sale to KCVN / Soloviev Group

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Alamosa Citizen
CVN LLC and its parent company, Soloviev Group, won federal bankruptcy court approval Monday for its $10.7 million cash purchase of the San Luis & Rio Grande Railroad. KCVN and Soloviev will now work to close the sale as well as gain approval from the federal Surface Transportation Board which regulates railroads.

[www.alamosacitizen.com]

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Colorado Pacific Railroad, which is owned by KCVN and Soloviev, will operate the San Luis & Rio Grande Railroad, with Matt Prince serving as general manager. Prince and Colorado Pacific Railroad currently operate a short line railroad about 27 miles east of Pueblo that runs parallel to Colorado State Highway 96. Prince will add the 150 miles of the San Luis & Rio Grande Railroad to Colorado Pacific’s daily operations once KCVN closes on the transaction.

See the link for the complete article.

I find it fascinating that the KCVN attorneys successfully pried that line east of Pueblo (known as the "Towner line", and once an important MoPac route) out of the hands of scrapper A&K Railroad Materials and their subsidiary/stooge V&S Railway, using the STB abandonment process against V&S Railway, who fought it all the way.

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- Graham



Edited 1 time(s). Last edit at 12/03/2022 09:49AM by Rader Sidetrack.