Iowa Pacific Holdings threatens to pull out of New York State without $5 million payment

By Don Lehman, The Post Star; March 29, 2018

QUEENSBURY — The owner of Saratoga & North Creek Railway told Warren County leaders Thursday that he plans to shut down the railroad unless someone buys a northern rail line from his company for $5 million.

Ed Ellis, president of the railroad’s parent company, Iowa Pacific Holdings, said SNCR’s tourist trains will not run this summer unless the county, state or “somebody” is willing to “invest” in his company to keep it functioning.

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