DM&E loan: What's a loss to some may be a boon to others

More from the "government should not pick winners and losers" file....

Loan denial raises hopes

Railroad rejection might help Selby land power plant

By Russ Keen, American News
Aberdeen, South Dakota

The Dakota, Minnesota and Eastern railroad's latest bane might be Walworth County's blessing.

The chances of a $1.5 billion electric power plant being built near Selby improved when the Federal Railroad Administration rejected DM&E's request for a $2.3 billion loan to help build a $6 billion railroad into Wyoming coal fields, said Gary Steuck of Mobridge.

He is chairman of the North Central Power Plant Task Force, a group that has been working for years to lure the power plant to Walworth County.

The rest is here.