New Chicago Terminal Picture

[cnwnorthline]

Since these are becoming so incredibly rare nowadays I just had to share this (although most of you probably have seen it already)

https://www.flickr.com/photos/jeremy_lowth/46591544534/in/feed

-Matt

[TBurke]

Thanks for sharing.  I missed it the first time.

I drove past there yesterday and noticed the Chicago Terminal SW on the Sipi spur and the reefers covered in graffiti on the old Rolling Mill Yard track.  I don't understand how Chicago Terminal can justify keeping this operation alive for the occasional load for Sipi.  They make what, a few hundred dollars per movement as a flat switching fee from UP?

[chuck]

I wonder if Iowa Pacific's is still having financial issues?  If so maybe they hold on to it and use it to their advantage? Write off the loss, make the company look larger than it is.

On that note, how does the ownership of the Goose Island/Finkl/Street right of way work?  Can that be sold to the developers?

[TBurke]

I wonder if Iowa Pacific's is still having financial issues?  If so maybe they hold on to it and use it to their advantage? Write off the loss, make the company look larger than it is.

On that note, how does the ownership of the Goose Island/Finkl/Street right of way work?  Can that be sold to the developers?

There was a proposal in front of the City of Chicago to acquire the Chicago Terminal ROW in December.  Not sure what the outcome was but it seems like they are including a streetcar line in any plans that Sterling Bay and other developers have for the former Finkl and other industrial sites.  A new bridge and connection would have to be built over the Chicago River near Halsted and Chicago Avenue for this streetcar line which would then presumably run down the west bank of the North Branch of the Chicago River to the major train stations.