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Snowflake leaders suffer setback on Apache Railway loan
What about a RIF loan? That would be a quick turnaround though
greatergood.com for historic preservation.
charity search engines as a new way to raise funds.
Stewartstown Railroad raised public funds.
The indifference toward railroads is concerning. Had funds been needed to repair every highway bridge and pave all the way to Snowflake funds would gleefully appear.
There still seems to be some rail served industries around Snowflake when you look at Google Earth. The tracks themselves seem to be in very good shape. Someone with a few extra dollars to gamble on like Warren Buffet needs to seriously think about picking this railroad up. How could anyone let those pretty little green and white Alco’s fall by the torch. Hope it get’s saved.
Why are they applying for a loan through the USDA? Isn’t that what banks are for?
Philip V Nichols. Which interest rate would you rather pay? 2 % or 10%? That’s an example of what the differences between a federal backed loan and a commercial loan could be, Plus at some point in time there’s always a possibility of the loan being forgiven. Although there is no way in Hell a commercial bank would.
Steven Berg there is a regulation about Warren Buffet (BNSF) owning more than one railroad at a time. Remember when the BNSF had to sell that short line in southern OR? Medford or White City I think
Lawrence Haws, I wasn’t specifically referrng to Warren Buffet, my comment said someone like Warren Buffet, meaning a very rich person who likes trains.