If Cincinnati voters approve Issue 22 to sell the city railroad, who’s in charge of the money and will safeguard against wasteful spending?. Sixteen financial institutions – including Cincinnati’s own ...

A mix-up in the city of Cincinnati's procurement office forced the Cincinnati Southern Railway Board to extend the deadline to submit bids to manage the $1.6 billion fund that will be created from ...

In Tuesday’s election, voters decided to sell Cincinnati’s railroad. Issue 22 allows the Cincinnati Southern Railway board to see the railroad to Norfolk Southern for $1.6 billion.

The board hired a consulting firm to rank the 16 applicants who applied for the role. The board winnowed those down to five: UBS, Fifth Third Bank, NEPC, FEG Investment Advisors and Northern Trust.

One of these 5 companies will manage Cincinnati's $1.6B from the railway sale 91.7 WVXU | By Becca Costello Published January 8, 2024 at 6:03 PM EST ...

City voters in November 2023 approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion, money that will be used to create a trust fund from which investment money ...

Norfolk Southern and its predecessors have been renting the railroad from Cincinnati for more than a century. Even if the sale is rejected, Norfolk Southern would have the option to keep leasing it.

The only municipality in the U.S. to own an interstate railroad could lose that title, after the Trustees of the Cincinnati Southern Railway voted unanimously to sell it to Norfolk Southern.

A mix-up in the city of Cincinnati's procurement office forced the Cincinnati Southern Railway Board to extend the deadline to submit bids to manage the $1.6 billion fund that will be created from the ...