Sold in 1998
The railroad was sold to North American RailNet in April 1998, and it became the subsidiary Camas Prairie RailNet, Inc. (CSPR). After less than two years, CSPR notified the U.S. government in late 1999 that the second subdivision line to Grangeville could be subject to abandonment, citing lack of profitability. It made its formal request in May, and it was approved by the Surface Transportation Board in September 2000; the last run to Fenn and Grangeville was on November 29. The tracks were to be removed shortly thereafter, but that was delayed as a new operator for the line was sought.
When BG&CM stepped in to operate the second subdivision line in December 2002, it was originally only to extend from Spalding to Craigmont, but a few weeks later decided to continue south, across Lawyer's Canyon to Cottonwood, stopping the salvage crews from going further north. The tracks from Cottonwood to Grangeville were removed and salvaged in late 2002 and 2003. North American RailNet sold the remainder of the railroad to Watco Companies in March 2004, which renamed it the Great Northwest Railroad.
Read more about this topic: Camas Prairie Railroad
Famous quotes containing the word sold:
“Again, the kingdom of heaven is like a merchant in search of fine pearls; on finding one pearl of great value, he went and sold all that he had and bought it.”
—Bible: New Testament, Matthew 13:45,46.