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Newspaper
Bristol Phoenix
Location
Bristol, Rhode Island, United States of America
Date
Dec 04, 1975
Page
2
Rhode Island officials defend a $267,000 purchase of the East Providence to Bristol rail right of way under scrap and salvage valuation. Penn Central may seek a deficiency judgment if courts deem the price too low, risking state budgets. Officials expect possible use for recreation or a future rail link near the East Shore Expressway, with town officials cautious about mass transit viability.
State transportation director Robert Rahill and Providence and Worcester attorney Joseph DiStefano met Bristol town leaders at Heritage Restaurant to discuss aquiring the Penn Central property. Rahill pledged the state would convey the freight yard to the town if bought for no more than Penn Central costs, while DiStefano offered that the railroad would sell at a fair price but declined to name an amount. The group noted uncertain legal issues and possible freight use corridor while ruling out Thames Street loading by barges. No joint plan emerged as the town had an existing forked agreement with Penn Central awaiting bankruptcy court approval.
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