Posts Tagged ‘Columbia Rail’

3 Vye to Buy Indiana Short Line

January 7, 2021

Three companies are seeking to buy an Indiana short line railroad owned by the city of North Judson.

One of the bidders, Midwest & Bluegrass Rail, has offered $2,725,000 for the 33-mile rail line, which also is used by the Hoosier Valley Railroad Museum.

M&B already operates the line as part of its acquisition of the Chesapeake & Indiana, one of four short lines it acquired in 2020.

Other bidders are only interested in the portion of the line used for freight traffic.

They include $2.3 million from agricultural co-op Co-Alliance and $1.6 million from Columbia Rail, which operates three short lines and rail terminal services at two sites in Washington state.

The town’s redevelopment commission is expected to the bids at a closed-door meeting next week.