Federal Transportation Board rejects Great Lakes Basin rail line (from Rockford Register-Mail, Aug. 31, 2017)

From Rockford Register-Mail, Aug. 31, 2017

ROCKFORD — The U.S. Surface Transportation Board has rejected a proposal to build a 261-mile railroad that would have cut through the Rockford area as it moved through Wisconsin, Illinois and Indiana.

In a decision Wednesday, the board said that Great Lakes Basin Transportation’s financial information was “fundamentally flawed,” making it impossible for the board to determine whether the proposal meets necessary criteria.

Construction projects are not required to be fully funded in the early stages of an application. However, financial fitness of the company behind a proposal is part of the application process, the board says in its decision.

Great Lakes’ assets “are so clearly deficient for purposes of constructing a 261-mile rail line that the board will not proceed with this application given the impacts on stakeholders and the demands upon board resources.”

Great Lakes may file a new application to meet the board’s criteria.

Read more here.