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EDA will ask local companies to help fund feasibility study for proposed railroad spur
Summary
The Dayton Economic Development Authority voted to contact local businesses about jointly funding an estimated $20,000 feasibility study for a proposed railroad spur and transload facility. Members discussed $3 million spur and $8 million transload estimates, grant competitiveness and long-term maintenance questions.
The Dayton Economic Development Authority voted to approach local companies to explore paying all or part of a feasibility study for a proposed railroad spur and associated transload facility.
Members said earlier consultant assumptions put a basic spur at roughly $3 million and a transload/offload facility at about $8 million. Staff cautioned that program funds referenced in the packet—roughly $4 million—appear to be part of a competitive pool rather than a guaranteed per-project award.
Why it matters: EDA members said a spur could…
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