Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »



Rail News Home Rail Industry Trends

3/27/2006



Rail News: Rail Industry Trends

NS to transfer ownership of shuttered Hollidaysburg shops to local development group


advertisement


On Friday, Norfolk Southern Railway announced it reached a tentative agreement to transfer ownership of the former Hollidaysburg Car Shop in Hollidaysburg, Pa., to Blair County Development Corp. III (BCDC).

D Holdings Inc., the initial tenant, will serve as the private financer and developer for the redevelopment project under which the former shops — which NS shuttered in 2001 — will be converted into mixed-use commercial, industrial and open space. The Commonwealth of Pennsylvania is providing $2 million for the purchase and redevelopment of the property.

The NS/BCDC agreement is subject to BCDC completing title and environmental reviews, which are expected to take several months.

“While there is still a lot of work to be done to conclude this transaction, we are pleased that we are making significant progress,” said NS Chairman, President and Chief Executive Officer Wick Moorman in a prepared statement.