An Indiana city has completed the sale of a short line railroad to Midwest & Bluegrass Rail.
The short line hold company purchased the 33-mile line, which North Judson had owned for 17 years.
The town had purchased the former Chesapeake & Ohio line years earlier when CSX sought to abandon it.
The town council and redevelopment commission approved creation of a redevelopment commission fund to handle the money resulting from the sale.
M&B subsidiary Cheaspeake & Indiana was already the line’s freight operator. A tourist train operation also uses a portion of the line
The winning bid of $2.725 million was the highest of three submitted.