FINKL & SONS

[GM]

Here\'s an article regarding Finkl relocating to the South side. Too bad their facility off Cortland wasn\'t big enough, they estimate they will quintuple their output plus on the good side no one loses their jobs plus they are hiring more. Would have been way more rail service.

http://www.chicagobusiness.com/cgi-bin/article.pl?article_id=29597&seenIt=1

Question about re-zoning their facility to get it residential instead of keeping PMD zoning. Difference between $80 million and $29 million in real property value. Hopefully another rail customer could move in.

GM

[TBurke]

I imagine the Finkl site would be quite a brownfield for future developers.  The costs to clean the site, including removing and replacing the contaminated soils, after more than a century of industrial use would be a challenge.

Adios what\'s left of the Deering Line as well as the C&E North Line connecting track once Finkl relocates.

That would reduce Chicago Terminal to just two reliable customers with the occasional load for Sipi Metals, and a short run from the UP junction and down Kingsbury then over to Goose Island.  Maybe a mile of track in all?

Let\'s hope that Chicago Terminal has a \"Hail Mary\" pass play to rebuild their traffic base.

[robertmroman]

An update on the Finkl move:

City to sell steelmaker 13 acres for $1
http://www.chicagobusiness.com/cgi-bin/news.pl?id=35791&seenIt=1

be well,
bob roman

[TBurke]

It would be great if someone could get photos of Finkl\'s in-house railroad that shuttles stuff between their buildings and crosses Cortland before it is all gone.

[chuck]

Maybe a forum photowalk?

-=Chuck=-
Mail: chuckjanda(at)hotmail.com
Home: http://www.chucksphotospot.com