/tags/cincinnati-southern-railway Cincinnati Southern Railway en-US Copyright Wed, 17 Sep 2025 00:00:21 GMT /local-news/2025-09-16/cincinnati-southern-railway-trust-1-8-billion The trust comes from the $1.6 billion sale of the railway by the city to Norfolk Southern in March 2024. Wed, 17 Sep 2025 00:00:21 GMT /local-news/2025-09-16/cincinnati-southern-railway-trust-1-8-billion Nick Swartsell /politics/2025-06-11/railway-trust-fund-board-website A new website includes financial information about Cincinnati's investment fund resulting from the sale of the city-owned railway. Wed, 11 Jun 2025 19:11:05 GMT /politics/2025-06-11/railway-trust-fund-board-website Becca Costello /politics/2025-05-27/infrastructure-cincinnati-spend-railway-revenue The railway revenue is required by state law to be spent only on maintaining existing city-owned infrastructure like roads, parks, recreation centers, and police and fire stations. Here's what City Manager Sheryl Long has targeted. Tue, 27 May 2025 21:15:08 GMT /politics/2025-05-27/infrastructure-cincinnati-spend-railway-revenue Becca Costello /politics/2025-05-20/cincinnatis-railway-trust-fund-grown-tariff-volatility Cincinnati’s infrastructure investment fund has grown about 3.5% so far this year, and about 7.5% over the past year. Tue, 20 May 2025 21:35:17 GMT /politics/2025-05-20/cincinnatis-railway-trust-fund-grown-tariff-volatility Becca Costello /politics/2025-02-12/cincinnati-railway-trust-fund-growth-board-transparency Cincinnati's investment fund resulting from the sale of the city-owned railway has grown by nearly $100 million over the past 11 months. That 6.87% growth is ahead of the Board's goal to grow the fund by an average 5.5% annually. Wed, 12 Feb 2025 17:20:07 GMT /politics/2025-02-12/cincinnati-railway-trust-fund-growth-board-transparency Becca Costello /politics/2024-09-24/cincinnati-southern-railway-sale-affordable-housing The $1.6 billion sale revenue has been invested, including about $21 million right here in Hamilton County. Tue, 24 Sep 2024 06:57:00 GMT /politics/2024-09-24/cincinnati-southern-railway-sale-affordable-housing Becca Costello /politics/2024-09-17/cincinnati-56-million-infrastructure-railway-sale Cincinnati’s investment fund resulting from the sale of the city-owned railway has grown by $94 million since March, a growth of nearly 6%. Tue, 17 Sep 2024 21:11:55 GMT /politics/2024-09-17/cincinnati-56-million-infrastructure-railway-sale Becca Costello /politics/2024-05-21/cincinnati-southern-railway-sale-14m-2-months The goal is to grow the principal of the $1.6 billion over time, while still sending at least $26 million a year to the city to spend on maintaining current infrastructure like streets, parks, and recreation centers. Tue, 21 May 2024 23:05:05 GMT /politics/2024-05-21/cincinnati-southern-railway-sale-14m-2-months Becca Costello /local-news/2024-03-18/cincinnati-southern-railway-sale-final-gun-manufacturing Voters approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. That revenue will now be invested, but not in gun manufacturing. Mon, 18 Mar 2024 08:23:00 GMT /local-news/2024-03-18/cincinnati-southern-railway-sale-final-gun-manufacturing Becca Costello /local-news/2024-01-22/cincinnati-southern-railway-board-ubs The board hired a consulting firm to rank the 16 applicants who applied for the role. The board winnowed those down to five: UBS, Fifth Third Bank, NEPC, FEG Investment Advisors and Northern Trust. Mon, 22 Jan 2024 21:25:37 GMT /local-news/2024-01-22/cincinnati-southern-railway-board-ubs Nick Swartsell