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by bombcar
813 days ago
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That's what rail banking is - the railroads want to keep the property (it's somewhat valuable though weirdly shaped) but more importantly want to keep the ability to run a line (which is potentially insanely valuable, because running a line where one hasn't been before is a hell of eminent domain and negotiations). Railbanking is a good way to let the land be used while not forcing the railroad to "pretend" it is still an active line. |
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Good use case for a public-private bargain, where the public gets the utility of a trail (and potentially a functional railroad, if needed in the future) and private gets to keep the most valuable land utilization rights (ability to convert back to railroad).
One of my historical fascinations is watching the co-evolution of rail and telecommunications line networks, since both have similar needs.