How not to run a railroad
If you're going to build an unprofitable railroad in order to bring tourist business to your town, that's fine. But if you're going to try to get into another sideline business to pay for the money-loser, it won't be long before you're in over your head.
AP reports that this is what the city of Tacoma, Wash., is doing. In order to fund a tourist train to Mount Rainier National Park, the city purchased a short-haul freight line, which is bleeding cash to the tune of $70,000 per month -- not chump change for a smallish city like Tacoma. Now there's no train to the mountain, an expensive rail line and the tracks to the park are only safe at 10 miles per hour.
The moral: Try to minimize the number of money-losers you take on at one time.
Post Author:
rj3 | 9:06 AM |
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