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6/15/2022
The Chapter 11 trustee for the San Luis & Rio Grande Railroad Inc. (SLRG) has announced his intention to sell the short line's assets in an auction.
The auction is subject to U.S. Bankruptcy Court approval. Interested parties will be required to submit a bid by 4 p.m. (Mountain Time) July 10, according to a press release issued by the trustee, William Brandt Jr.
Now operated under the Surface Transportation Board's jurisdiction, the SLRG owns and operates a 155-mile line serving the San Luis Valley in southern Colorado. The short line traverses the La Veta Pass over the Sangre de Cristo Mountain range and connects the eastern plains of Colorado to the San Luis Valley.
With an interchange connection to a Union Pacific Railroad mainline at Walsenburg, Colorado, SLRG provides freight-rail services for industrial, mineral and agricultural commodities in the San Luis Valley. The railroad also maintains rail-car storage facilities along its right of way. Prior to the bankruptcy filing, the SLRG also operated passenger excursion trains over the La Veta Pass.
The assets to be auctioned consist of real and personal property related to the railroad's freight-rail operations. Assets include the trackage, roadbed, ties, other track material, inventory, maintenance-of-way equipment, vehicles, bridges, culverts, signals, stations, depots, yards, storage facilities, buildings, workshops, garage structures and various agreements or licenses relating to the real estate located on, along, over and under SLRG's lines.