Turbulence over Cincinnati Southern Railway sale in the Ohio legislature could derail November vote
Legislation needed to allow Cincinnati to sell the interstate railroad it owns to Norfolk Southern has been removed from Ohio's transportation bill...
Legislation needed to allow Cincinnati to sell the interstate railroad it owns to Norfolk Southern has been removed from Ohio's transportation bill by the state Senate, imperiling a potential November vote on the plan. Negotiations between the two chambers over the bill are ongoing, and the legislation, which would allow the city to sell the railroad and put the $1.6 billion in proceeds into a trust fund that would make annual payments in perpetuity, could be revived before lawmakers adjourn at the end of June.