We have been fortunate to have a couple of different engagements in recent months for valuing dormant rail corridors for potential conversion to trails. As more economic stimulus money for infrastructure projects is likely to make its way through Congress in the coming months and years, we anticipate that our region will see even more of these types of projects come to life.
In doing research for the recent valuations, I came across an interesting article regarding the legal rulings associated with these conversions and railbanking in general. For a legal article, I found it to be a fairly straightforward and easy read. See the article here.