Ford's Train Station

[Richard]

How can Amtrak take anything back,they never owned it in the first place.

When you look at the history,Vanderbilt built it the jump to where it was sold to Conrail who leased it to Amtrak,all of the change of ownerships were private companies and private individuals.

Federal law gives Amtrak the authority to seize property for intercity rail passenger transportation.

It’s in front of a judge now and it’s going to be a few months before the decision can be made.

In that case they were leasing 13% of the facility and they are saying that they need to whole property in order to maintain a lease control,they offer $250 million and the value is $750 million.

The original intent of the ruling was concerning the tracks and not stations as a way to strong arm the private owned rail systems into sharing the tracks or Amtrak would take them.

It’s a guess which way the judge will rule but my guess is because the original intent concerned only the rails and not stations,if Amtrak wants stations they can build their own.

Because it would be based on intent of the original law which had nothing to do with actual stations.