Hello, Canada? Fight over DM&E expansion is not breaking news
An example of a writer not doing his homework:
CPR v. the NIMBYs at Mayo ClinicThe rest is here.
It was full-speed ahead for Canadian Pacific Railway's U.S. rail acquisition, right up until the renowned Mayo Clinic suggested that a little-used stretch of rail a few blocks from its Rochester, Minn., campus could be a big problem - especially if it were targeted by terrorists.
BRENT JANG, ReportonBusiness.com
November 6, 2007
When Canadian Pacific Railway Ltd. went cross-border shopping and spent $1.5-billion (U.S.), it didn't count on a little-used stretch of track near the world famous Mayo Clinic to throw the deal off course.
Just last week, CPR executives said they expected to receive clearance to buy the Dakota Minnesota & Eastern Railroad Corp. by May. Any regulatory decision will now likely be postponed until next October, after the U.S. Surface Transportation Board ruled that it will take a detailed look at Calgary-based CPR's plan to buy DM&E from private equity owners.
The ruling comes after a series of complaints, including from rail rival Burlington Northern Santa Fe Corp. of Fort Worth, Tex., and the Mayo Clinic, which is sounding the alarm on potential terrorism on trains or derailments near the renowned hospital in Rochester, Minn.
Hospital officials argue that William Worrall Mayo staked the ground first.
He founded his private medical practice in 1863 and the Winona & St. Peter Railroad Co.'s tracks finally reached Rochester in the fall of 1864. Mr. Mayo's two sons joined the busy practice in the 1880s.
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