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Add comment on:Public Gains New Transportation Corridor
The Regional Transportation Commission (RTC) for Santa Cruz County and Union Pacific announced today that they have completed transfer of the Santa Cruz Branch Rail Line from private to public ownership for $14.2 million. Most of the funding was secured by the RTC from Proposition 116 bond funds approved by both a majority of Californians and Santa Cruz County voters in 1990. The value of public ownership of the corridor is to increase access and retain use of to the 135 year old transportation asset. Iowa Pacific Holdings, to operate locally as Santa Cruz and Monterey Bay Railway, was selected as the short line operator for freight and passenger service.
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