Alternate bidder to move ahead after auction winner misses down payment By Tim Rowland Revolution Rail, a North Creek rail-biking company, will purchase the defunct Saratoga and North Creek Railway for $2.7 million under an agreement filed with … [Read more...] about Rail bike company to buy Tahawus line
rail trail
Derailed: Tahawus rail line sale hits snag
Winning bidder overdue on paying initial deposit By Tim Rowland An apparent snag in financing has once again clouded the fate of the Saratoga & North Creek Railway, a bankruptcy court trustee said. Carol McLean-Wright and her husband … [Read more...] about Derailed: Tahawus rail line sale hits snag
Bidders ‘dare greatly’
Investors in Adirondack rail line are willing to bet big By Tim Rowland The winning bidder of a 30-mile rail spur through the wilderness plans to spend $19 million on a multi-pronged venture to harvest minerals from old mine tailing piles, … [Read more...] about Bidders ‘dare greatly’
Tahawus rail line up for auction
Bids so far include Open Space Institute, Revolution Rail By Tim Rowland Thirty miles of railroad track in the heart of the Adirondacks will go on auction block next month, an event that could determine whether the corridor remains viable for … [Read more...] about Tahawus rail line up for auction
Rail-bike company makes another bid for Tahawus line
Future of unused rail corridor still undetermined By Tim Rowland A recreational rail-bike company in North Creek hopes to purchase the long-dormant Tahawus railroad line to Newcomb and keep it open to freight services, according to a … [Read more...] about Rail-bike company makes another bid for Tahawus line
OSI makes $1.5M bid for Tahawus rail line
Offer reignites debate over future of 30-mile rail line By Tim Rowland The Open Space Institute has made a $1.5 million offer for the abandoned Tahawus Line of the Saranac North Creek Railway under a railbanking plan that would permit its use … [Read more...] about OSI makes $1.5M bid for Tahawus rail line