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What was the final negotiated purchase price for the rail corridor?

April 26, 2017corridor final negotiated price purchase rail

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What was the final negotiated purchase price for the rail corridor?

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The final negotiated price, which was arrived at by mutual concurrence following consideration of three independent appraisals, was $700,000. This translates to approximately $77,778 per mile, or about $6,000 per acre.