Norfolk Southern Railway Company and Pennsylvania's Blair County Development Corporation III (BCDC), a subsidiary of the Altoona-Blair County Development Corporation, today announced that they have entered into a tentative agreement to transfer ownership of the Hollidaysburg Car Shop from NSRC to BCDC.

D Holdings Inc., an affiliate of the DeGol Organization, will serve as the initial industrial occupant, primary tenant, and principal private financer and developer for the entire project. This agreement is subject to BCDC satisfactorily completing comprehensive title, subdivision and environmental reviews, which are expected to take several months.