Eastern Railroad Discussion > Belfast & Moosehead Lake acquisition.

Does anyone have an update on the proposed acquisition of the Belfast & Moosehead Lake railroad in Maine by the startup venture New England Rail. New England Rail incidently, is the same group and/or individual a Mr. Don Adams that has made public statements to the media of starting passenger rail from Portland, Maine via the SLR to Montreal, Que. To date, I've heard nothing but rumors, the latest being that New England Rail has an investor from Switzerland for the Belfast & Moosehead Lake proposed acquisition.

Why would any investor want to get involved with either of these rail projects?

1- Play railbarron at 12" = 1 ft.

2- tax write off

3- stupid

In No particular order

Mr. Adams had stated that he would be buying the railroad last week on the 15th. Unfortunately the 15th came and went and no purchase took place.

http://belfast.villagesoup.com/Government/story.cfm?storyID=58108