The proposed Chicago freight bypass has been stopped dead in its tracks.
The U.S. Surface Transportation Board unanimously rejected the proposal of Great Lakes Basin Transportation Company to build the bypass railroad between northwest Indiana and southern Wisconsin.
The STB said it acted due to the lack of information about GLBT’s finances and operations.
“[Great Lakes’] current assets of $151 are so clearly deficient for purposes of constructing a 261-mile rail line that the Board will not proceed with this application given the impacts on stakeholders and the demands upon Board resources,” the STB said in its decision.
The Board’s action halts the environmental review process of the project as well as disallows GLBT from purchasing property and starting construction.
News reports indicated that the dismissal was without prejudice, meaning GLBT could seek STB approval later for the same or a similar project.
Tags: Chicago, Chicago bypass rail proposal, Great Lakes Basin Transportation Inc, Surface Transportation Board
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