County hopes to mediate Stewartstown Railroad problem

Full story: InYork

With 24 days left for the Stewartstown Railroad Company to pay a significant debt or potentially lose its stations and engine house in a sheriff's sale, the York County Commissioners are looking for ways to help.

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Rail Trail

Miami, FL

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#21
Jan 7, 2010
 
I guess the people comming to ride the 100 year old coal train are going to ride bikes to get there. The train was a failure. No one came and it went out of buisness. I rode it once. It moved at half a mile an hour and the only site to see was a corn field. Took over an hour to go up to the township building and back.
Mr C

Baltimore, MD

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#22
Jan 7, 2010
 

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Mayor McCheese wrote:
The Railroad borrowed this money with the knowledge that they would have to PAY IT BACK. They have not and apparently never planned on repaying the funds. Their only plan is to sponge money from Peter to pay Paul.
No Plan=Liquidation
As I read the various articles, the railroad is requesting more time to repay the money (i.e., restructure the debt like so many homeowners and other businesses have done during the past few years). Keep in mind, according to the published accounts, Mr. Hart apparently ran things the way he wanted, with little, if any, consultation with his fellow officers and board members.
The way it is

York, PA

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#23
Jan 7, 2010
 
Mr C wrote:
<quoted text>
As I read the various articles, the railroad is requesting more time to repay the money (i.e., restructure the debt like so many homeowners and other businesses have done during the past few years). Keep in mind, according to the published accounts, Mr. Hart apparently ran things the way he wanted, with little, if any, consultation with his fellow officers and board members.
THEY will reap what THEY sowed! Chickens are roosting at home these days.
zman

Lancaster, PA

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#24
Jan 8, 2010
 

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Rail Trail wrote:
I guess the people comming to ride the 100 year old coal train are going to ride bikes to get there. The train was a failure. No one came and it went out of buisness. I rode it once. It moved at half a mile an hour and the only site to see was a corn field. Took over an hour to go up to the township building and back.
And you think thousands are going to flock to ride bikes a few mph through the same corn fields?

Yeah, right.
Oscar

Thorofare, NJ

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#25
Jan 8, 2010
 
The comments I've heard from people living along the railroad is that they would rather have a train come through once a week or so than hundreds of bikes. I don't blame them considering the tracks go right through front yards! The right-of-way is 30' wide so figure the county will use the full 30'. If and when they convert it to a bike path. That 5' or 6' wide railroad will suddenly take up your whole yard.

There are positive things that can be done with the RR. I just think they got themselves behind the 8 ball on this one at a time when the economy is bad.

Or option 2. County take over the RR, extend it back to New Park and figure out a way to connect to the former Ma & Pa maybe in Delta. Just take the land by eminent domain.(See York) Reconstruct the Ma & Pa and offer commuter service to Bel Air and Baltimore. Do the same with the Northern Central. How to pay for it? Gas taxes, of course! Oh yeah, and table games at the casinos. Cash cow there!
Mayor McCheese

York, PA

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#26
Jan 8, 2010
 

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Oscar wrote:
The comments I've heard from people living along the railroad is that they would rather have a train come through once a week or so than hundreds of bikes. I don't blame them considering the tracks go right through front yards! The right-of-way is 30' wide so figure the county will use the full 30'. If and when they convert it to a bike path. That 5' or 6' wide railroad will suddenly take up your whole yard.
There are positive things that can be done with the RR. I just think they got themselves behind the 8 ball on this one at a time when the economy is bad.
Or option 2. County take over the RR, extend it back to New Park and figure out a way to connect to the former Ma & Pa maybe in Delta. Just take the land by eminent domain.(See York) Reconstruct the Ma & Pa and offer commuter service to Bel Air and Baltimore. Do the same with the Northern Central. How to pay for it? Gas taxes, of course! Oh yeah, and table games at the casinos. Cash cow there!
Spot on! There are plenty of bike trails already.
The public has no concept of what it actually costs to classify RR tracks for speeds over 15 mph nevermind 60 or 70 mph.
Why do you think Amtak loses money even with ridership up? The Main reason Track Maint costs.
lauren

United States

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#27
Jan 8, 2010
 

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i think we should all help to preserve this historical piece of land. its been with us all these years and i think it should stay. we should all pitch in and help. its a part of what makes stewartstown, stewartstown! i b grew up in stewartsown and the railroad is a very interesting place and i think it would really mean a lot if we all helped save this wonderful place. also it is a very historical place and it would be cheap educational trips for your children to take and would be a very memorable thing. i beleve we shouldnt let this important piece of our history out of our livess and carry on for many more generations. that would show the children in the future generations how important and interesting it is to the many people of our town and county. so that is why i think we should help save the old stewartstown railroad.
Broke

Harrisburg, PA

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#28
Jan 8, 2010
 

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As a county commissioner in York County, I don't feel we have the money to invest in this venture. Our money is better invested on our tourism advertisements that my friends and I, er, that is, our county business partners feel is appropriate. You, the citizens and taxpayers of this great county of ours, have no say in what we do. After all, it's well known that we only seek office to help ourselves, our friends, and get all that we can out of it. You didn't get run or get elected, so just butt out. That's the American Way!

Since: Jan 10

United States

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#29
Jan 9, 2010
 
ok i see some of your point but there are many peole who would be willing to help out in the financial needs or at least a part of it. this IS a very big part of our community and i understand that we are tight with money at the moment but it could really help with the tourism and it will also bring in quite a bit of money. i stil believe that this could really help. we should try to help. i also know that a lot of the railroad is messed up but they have a plan to open up some of the tracks and they could raise more money and open up more. you dot have to take sides with me but i believe i put up a point. i would be willing to fight for it and also in harts will he stated that if they had sold the station and everything that he was looking at this one interested customer who was willing to buy and reopen the railroad. i hope you see my point.
God Help Us

East Berlin, PA

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#30
Jan 19, 2010
 
It will take much much more than the $350,000 to get a train running again. The tracks are in terrible shape. I have no idea what shape the engine and cars are in. I have never seen them in what I would call good shape. But what burns me the most are the junk cars sitting on the tracks across from the train station. I can't get away with junk cars sitting around, how can they? I would change my mind if I saw a viable business plan.

Since: Jan 10

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#31
Jan 21, 2010
 
ok u guys have a point but i really think it would be nice and now i kno that it will take a lot of money and the tracks and cars are in really bad shape. i have really read into this and i went to visit it and i really understand it now
Give US a break

York, PA

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#32
Jan 21, 2010
 
York County Commissioners, PLEASE, PLEASE stay the hell out of the negotiations on "A" railroad. Next thing you know, York County taxpayers will own a railroad, and we'll have ANOTHER unwanted park at the railhead. I mean, nationwide, we already own auto companies, banks, unions; WE can't stand anymore of this PROSPERITY on OUR behalf.
More Tea Party Stuff

York, PA

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#33
Jan 21, 2010
 

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1luverlauren wrote:
ok u guys have a point but i really think it would be nice and now i kno that it will take a lot of money and the tracks and cars are in really bad shape. i have really read into this and i went to visit it and i really understand it now
Yea right, all you and they UNDERSTAND is spending MORE taxpayer monies. Hell, the entire frickin' country is BROKE!!!!! Bet you don't believe in whacking baby seals over the head with a baseball bat either.

Since: Jan 10

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#34
Jan 21, 2010
 
actually i believe tht it would be more humane just to shoot them rather than to beat them. put them out of their misery they may feel a lil pain but its better than having them feel every slam of that bat against its head. how would u like it if someone came up to u in your living room or dining room and started beating you with a bat till u wer dead. i think it would be better if they just shot u and got it over with. i mean seriosly think about it. but of course its just my opinion. :)
IQ of 47

York, PA

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#35
Jan 21, 2010
 

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1luverlauren wrote:
actually i believe tht it would be more humane just to shoot them rather than to beat them. put them out of their misery they may feel a lil pain but its better than having them feel every slam of that bat against its head. how would u like it if someone came up to u in your living room or dining room and started beating you with a bat till u wer dead. i think it would be better if they just shot u and got it over with. i mean seriosly think about it. but of course its just my opinion.:)
Shootin' is NO fun. I like to watch the blood squirt out of their ears. Shootin' is way too sudden. Ya think I'll grow up to be a murderer. But what does this all have to do with the taxpayers buyin' a much needed railroad.
Bro1856

Chambersburg, PA

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#36
Jan 21, 2010
 

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ll I know is that I will NEVER go back to Stewartstown for any reason. The Gestapo-like tactics of their "police" (AKA Extortionist goon squard) and the joke of a traffic court judge has made me realize that Stewartstown should never receive anymore of my hard earned $$$. From blatently falsifying speeding ticket data to refusing the recognize the rule of law and stating in court that "we give the benefit of the doubt to the officer", Stewartstown is a JOKE.
Bro1856

Cockeysville, MD

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#37
Jan 22, 2010
 
Bro1856 wrote:
ll I know is that I will NEVER go back to Stewartstown for any reason. The Gestapo-like tactics of their "police" (AKA Extortionist goon squard) and the joke of a traffic court judge has made me realize that Stewartstown should never receive anymore of my hard earned $$$. From blatently falsifying speeding ticket data to refusing the recognize the rule of law and stating in court that "we give the benefit of the doubt to the officer", Stewartstown is a JOKE.
I didn't repost that from above.
MISTER WISE

Lakeland, FL

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#38
Feb 13, 2013
 
Listen folks, why aren't the "friendly lien holders" being sought to save the Stewartstown Railroad getting any ownership or stock in the railroad?

I would like to sell you the Brooklyn Bridge.They are holding an empty bag and want you to fill it up for them, and they will own the bag. You might get your money back later; you might not.

You are buying LEINS with your money, and that does not protect your investment at all. Remember, there may be others holding leins, too, or the tax people at every level might want a piece of the action if it gets up and running and file tax leins.

So just because you buy a "lein"only means you have bought a debt, not a credit.

The railroad should not be asking anyone to buy liens without offering them free shares of stock in the railroad so they have a REAL stake in it, not just own debt of the railroad.

Investors in the leins---ask yourself why you are not getting some stock in the railroad along with your loans?

Why are you bailing out the shareholders who get a free ride. They will still own the railroad; you will own their debt.

To me, the shareholders of the railroad need to get off of their stock and give some of it up to the lein holders for taking this big risk.

The Strasburg Railroad did this. The investors became owners---not debtors. When it was reorganized, each person putting up $450 got one of 50 shares. Each person owned 2 percent of the railroad.

I would not invest $1.00 in Stewartsville Railroad leins without getting free stock ownership for your risk and faith. What interst rate are you getting?

You should be buying stock, not debt. I'd like to sell you some of my debt.

Don't be fools. The shareholders are the REAL owners, not the debt holders. Wake up.

If lightning strikes and the railroad actually makes a profit, you will have SAVED the railroad, but will own none of it.

Become an owner, not a loaner

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