The Other Side of the TracksRailroads extend into almost every town and city in the country. Rairlroads are also one of the largest property owners in the country and they are both a challenge to work with and sources of redevelopment opportunities. Largely responsible for shaping our countries industrial past, railroads are now part of a multidimensional transportation system. With over 200,000 of miles of track, railroads are made up of only a few major operations: right of ways, yards and switching, and repair and cleaning cacilities (see pages 16-17). As the rail industry changes and consolidates, the network of routes, and the switchyards that fed them are starting to become available for redevelopment, but, just as in their land baron days of years past, railroad companies have a reputation for being tough to deal with, slow to react and difficult for industry outsiders to penetrate. However, the sheer magnitude of their land holdings and…Log In to Read Full Article
RACER Trust’s Proving Ground Stimulates Efficiency
Judge Robert Gerber, sitting in the U.S. Bankruptcy Court for the Southern District of New York, signed an order in effect creating RACER Trust in March 2011. RACER — for Revitalizing Auto Communities Environmental Response — was handed a portfolio of more than 300 properties scattered over 89 locations in… Read more
Water, Water Everywhere?
While in the following pages I will recount a number of serious localized water shortages, I can tell you at the outset, this will not be another gloom-and-doom scenario to which you are treated daily in your local and national news sources. Now, in my 54th year of professional effort… Read more