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Union Pacific Corporation Message Board

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  • richarda97 richarda97 Mar 25, 2007 3:31 PM Flag

    Cramer: UNP biggest landowner in the Nation

    muscatbrett
    For someone who is the biggest spammer on the internet of KSU, you don't know a lot about railroads. The real estate that Cramer is talking about is not the right of way where track is laid. The ROW does have value and has been sold at a premium where the ROW went trough a big city and the city wanted the real estate. They would move the ROW to the outskirts of the city and build new track and yards. The real estate that has the most value is the big parcels of land that UP owns in these big cities. Over the last 100 years the cities have grown around these big parcels. In some cases these might be the largest pieces of property in the cities.

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    • muscatbrett is a fake and fraud and ha no appreciation for UNPs land holdings. 60 feet my ass... many of the swaths of land are 40 to 60 MILES wide. And it's not just track right of way, but forest land and just a large collection of assets collected over the last 140 years that ended up being in what turned out to be metro areas.

      • 2 Replies to miles_pfoonman
      • Most of the ROW (right of ways) are indeed 66 feet wide for the railroads. I own three different parcels of land in two different states and both row are exactly 66' wide for the rail road ROW that is next to or goes through the property. One is Illinois central, and the other two are UNP. I think your statement of 40 to 60 miles wide is a total misrepresentation of reality. The guage is only 4'8.5" so what the hell would they need 60 miles wide for. What have you been smoking? I hope you don't trade with real money, while you are smoking whatever that is.

      • Name just one area where UP owns a 40 to 60 mile swath of land.

        NOT TRUE and you are speculating about an area of knowledge which you don't have any knowledge.

    • I was looking at the total railroad mileage as a whole. You are right in that the city areas may be worth more. However, if you look up the past abandonement agreements with state and national government, in most cases the city parcels were part of an abandonment agreement along with rural segments. These abandonements were made so maintenance would not be an expense for therailroads when they were no longer being used. I am not sure about UNP and CSX, but KSU is trying to rebuild rail beds that were abandoned by other railroads. Additionally, most of the real estate owned by rail roads never had a deed (trust or warranty). This makes it very hard to sell to private owners. That is why you see the government stepping in and turning these bike paths or hiking trails.

      • 1 Reply to muscatbrett
      • muscatbrett

        I am not sure what you are saying. I do know that in some areas where railroads have abandoned track on right of way, they will give the row to the state or cities to be used as
        trails with the understanding that they can be converted back to the railroads in the future if needed. That is what you are probably seeing at the KSU. They are converting back the trails or abandoned row to new rail bed with track. The railroads own the land and in the case of the big parcels in cities have successfully sold these to municipalities or private groups.

 
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