Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: SATURDAY, March 4, 1995 TAG: 9503060089 SECTION: BUSINESS PAGE: A6 EDITION: METRO SOURCE: DATELINE: WASHINGTON LENGTH: Short
VRE's contract with Norfolk Southern expired in November. Since then, the Potomac Rappahannock Transportation Commission and the Northern Virginia Transportation Commission, the regional transportation boards that oversee the commuter service, approved 30-day extensions. Both panels again extended the contract Thursday for another month.
Operations Director Steve Roberts said negotiations with Norfolk Southern have failed so far because ``they want to sell the line, the tracks, the whole nine yards. We're a long way from being comfortable with that concept.''
Norfolk Southern is trying to sell its tracks between Alexandria to Manassas. The line carries only about one-third of the freight most rail companies prefer in order to maintain a line, Roberts said.
The value of the tracks is estimated at $96 million, based on the taxes Norfolk Southern pays on the rail line.
``We don't have that much,'' Roberts said. The companies are looking into how much they could afford to pay, he said.
- Associated Press
by CNB