/tags/cincinnati-southern-railway Cincinnati Southern Railway en-US Copyright Wed, 12 Feb 2025 17:20:07 GMT /politics/2025-02-12/cincinnati-railway-trust-fund-growth-board-transparency Cincinnati's investment fund resulting from the sale of the city-owned railway has grown by nearly $100 million over the past 11 months. That 6.87% growth is ahead of the Board's goal to grow the fund by an average 5.5% annually. Wed, 12 Feb 2025 17:20:07 GMT /politics/2025-02-12/cincinnati-railway-trust-fund-growth-board-transparency Becca Costello /politics/2024-09-24/cincinnati-southern-railway-sale-affordable-housing The $1.6 billion sale revenue has been invested, including about $21 million right here in Hamilton County. Tue, 24 Sep 2024 06:57:00 GMT /politics/2024-09-24/cincinnati-southern-railway-sale-affordable-housing Becca Costello /politics/2024-09-17/cincinnati-56-million-infrastructure-railway-sale Cincinnati’s investment fund resulting from the sale of the city-owned railway has grown by $94 million since March, a growth of nearly 6%. Tue, 17 Sep 2024 21:11:55 GMT /politics/2024-09-17/cincinnati-56-million-infrastructure-railway-sale Becca Costello /politics/2024-05-21/cincinnati-southern-railway-sale-14m-2-months The goal is to grow the principal of the $1.6 billion over time, while still sending at least $26 million a year to the city to spend on maintaining current infrastructure like streets, parks, and recreation centers. Tue, 21 May 2024 23:05:05 GMT /politics/2024-05-21/cincinnati-southern-railway-sale-14m-2-months Becca Costello /local-news/2024-03-18/cincinnati-southern-railway-sale-final-gun-manufacturing Voters approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. That revenue will now be invested, but not in gun manufacturing. Mon, 18 Mar 2024 08:23:00 GMT /local-news/2024-03-18/cincinnati-southern-railway-sale-final-gun-manufacturing Becca Costello /local-news/2024-01-22/cincinnati-southern-railway-board-ubs 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. Mon, 22 Jan 2024 21:25:37 GMT /local-news/2024-01-22/cincinnati-southern-railway-board-ubs Nick Swartsell /politics/2024-01-08/companies-manage-cincinnati-investment-fund-railroad-sale An oversight board will interview five applicants for the job of managing a $1.6 billion investment fund resulting from the sale of the Cincinnati Southern Railway. Mon, 08 Jan 2024 23:03:09 GMT /politics/2024-01-08/companies-manage-cincinnati-investment-fund-railroad-sale Becca Costello /politics/2023-12-15/norfolk-southern-spent-5-9m-cincinnati-southern-railway-sale-campaign Norfolk Southern spent a total of $5,975,000 on a campaign to convince voters to sell the city-owned Cincinnati Southern Railway. Fri, 15 Dec 2023 21:37:55 GMT /politics/2023-12-15/norfolk-southern-spent-5-9m-cincinnati-southern-railway-sale-campaign Becca Costello /politics/2023-11-14/cincinnati-southern-railway-what-happens-now Voters narrowly approved the sale of the Cincinnati Southern Railway last week, accepting a $1.6 billion deal from Norfolk Southern. Wed, 15 Nov 2023 01:26:20 GMT /politics/2023-11-14/cincinnati-southern-railway-what-happens-now Becca Costello /politics/2023-11-08/voters-approve-sale-cincinnati-southern-railway-norfolk-southern The official closing of the sale will take place no later than March 15, 2024. Wed, 08 Nov 2023 05:27:43 GMT /politics/2023-11-08/voters-approve-sale-cincinnati-southern-railway-norfolk-southern Becca Costello