Social Media Reacts to Possible $1.6 Billion Cincinnati Southern …

Nov 22, 2022 · After more than 140 years of exclusive ownership, the city of Cincinnati could sell the Cincinnati Southern Railway to Norfolk Southern, a railway subsidiary, for $1.6 billion to …

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Social Media Reacts To Possible $1.6 Billion Cincinnati Southern …

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Nov 22, 2022 · After more than 140 years of exclusive ownership, the city of Cincinnati could sell the Cincinnati Southern Railway to Norfolk Southern, a railway subsidiary, for $1.6 billion to …

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The Fund From Cincinnati Southern Railway Sale Has Grown To

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May 21, 2024 · Cincinnati’s $1.6 billion investment fund — established after selling the city-owned railway — has grown about $14 million in the first two months. The Cincinnati Southern …

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Cincinnati’s $1.6 Billion Railway Sale To Norfolk Southern Is ... - FOX19

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Feb 21, 2023 · The Cincinnati Southern Railway Board of Trustees announced and executed the deal to sell the 337-mile rail line to Norfolk Southern for $1.6 billion at the end of last year.

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Cincinnati Southern Railway Sold For $1.6 Billion, Funding City ...

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Nov 8, 2023 · The Cincinnati Southern Railway Board of Trustees has said the $1.6 billion trust fund from the sale will likely more than double what future railroad lease payments would have …

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Who Is Opposing The Railroad Sale In Cincinnati? Who Is For It?

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Sep 20, 2023 · The plan is for the Cincinnati Southern Railway Board to sell the railroad for $1.6 billion and then use the proceeds to create a trust with the money. Investment proceeds from …

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Cincinnati Southern Railway | Public Information Including Meeting ...

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On November 21, 2022, the Cincinnati Southern Railway Board of Trustees executed a purchase agreement with Norfolk Southern (NS) for a lump sum of $1.6 billion plus transaction fees of …

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Norfolk Southern To Buy Cincinnati Southern Railway For $1.6 Billion

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Nov 22, 2022 · Norfolk Southern agreed to buy the Cincinnati Southern Railway for $1.6 billion, a deal that includes about 9,500 acres of land under and next to existing railroad tracks, as well …

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Social Media Reacts To Possible $1.6 Billion Cincinnati Southern …

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Cincinnati Southern Railway Sale: Here's How The City Plans To …

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Oct 2, 2023 · The plan is to sell the railway to Norfolk Southern for around $1.6 billion, if voters approve, and that money will be invested back into the city. 1 weather alerts 1 closings/delays …

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City To Consider ‘dashboard’ To Track $1.6 Billion In Funds ... - FOX19

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Nov 13, 2023 · Voters decided last week to sell Cincinnati Southern Railway to Norfolk Southern Corp. for $1.6 billion By Jennifer Edwards Baker and Amber Jayanth Published : Nov. 13, …

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Railway Board Awards Investment Contract For $1.6 Billion Trust

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Jan 22, 2024 · Voters approved the $1.6 billion sale of the Cincinnati Southern Railway to Norfolk Southern on Nov. 7, 2023. The money will be put into a trust fund and the annual returns …

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How The Cincinnati Southern Railway Sale Is Impacting Affordable …

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Sep 24, 2024 · The sale of the city-owned Cincinnati Southern Railway last year has had an impact on local affordable housing. The $1.6 billion sale revenue has been invested, with …

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FAQs about Social Media Reacts to Possible $1.6 Billion Cincinnati Southern … Coupon?

Is Cincinnati selling CSR to Norfolk Southern?

Cincinnati wants to sell the Cincinnati Southern Railway (CSR) to Norfolk Southern for around $1.6 billion. If the sale goes through, the city plans to use the interest (up to $50 million a year) on existing infrastructure. ...

Will Norfolk Southern pay for Cincinnati Southern Railway campaign?

Funding: Yes. A memo from Cincinnati Southern Railway Board President Paul Muething written Aug. 23, 2022, referenced the campaign and the fact that Norfolk Southern would pay for it. The memo said at least $1 million was likely to be spent. Three groups have emerged to oppose the voter sale of Cincinnati Southern Railway. ...

Could Cincinnati be sued if there's a train accident?

Even though the city is indemnified if there's an accident on its track, it could still be sued, Murray said. The now former Cincinnati Vice Mayor, Christopher Smitherman, expressed concerns about selling the railway, especially to Norfolk Southern after the derailment in East Palestine. ...

Will a campaign to sell a house in Cincinnati get a commercial?

So don't expect to see commercials or even mailers from the opposition, while the campaign to sell, called Building Cincinnati's Future, is already airing commercials and mailing flyers. Opposition leaders say they'll hold press conferences, knock on doors, and use social media to spread their message. ...

Who's behind the Cincinnati AFL-CIO political action committee?

Who's behind it: Norfolk Southern. It hired Jens Sutmoeller, an experienced Cincinnati political campaigner, to run the political action committee. It has garnered endorsements by Cincinnati Mayor Aftab Pureval, the Cincinnati AFL-CIO Labor Council, U.S. Rep. Greg Landsman and the editorial board of The Enquirer. ...

Is a political action committee based in Columbus spending money on ads?

"A Political Action Committee based in Columbus, presumably well-funded by Norfolk Southern, and with reported close ties to Mayor Pureval, is spending money on glossy mailers and TV ads. To us, that is unsatisfactory," said founder Todd Zinser, a retired United States inspector general. ...