Here's something you might be interested in.
Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Hear that train a comin'?
Railway company makes overdue lease payment
On Friday, July 11, the Metropolitan Transit System's offices received the outstanding $500,000 lease payment from Pacific Imperial Railroad, the company that leases a portion of the binational railroad.
In a brief statement, MTS spokesperson Rob Schupp gave notice of the payment and said the board of directors will discuss the contract during their July 17 meeting. Accompanying the statement was a letter from MTS lead counsel Karen Landers to Pacific Imperial Railroad's president and attorney Donald Stoecklein.
"This letter is to acknowledge receipt of your $500,000 lease payment today. Pursuant to Section 8.1 of the agreement, by making this payment within the 10-day cure period, the Notice of Default/Notice to Cure issued by MTS on July 2 is deemed rescinded and this Agreement continues in full force and effect.”
The payment arrives at a tumultuous time for the railroad company and Metropolitan Transit System officials.
During the course of the past two weeks congressmen Duncan Hunter and Jeff Denham, both members of a congressional transportation committee, sent a letter to MTS chief Paul Jablonski demanding answers regarding the 99-year lease the public agency granted to Pacific Imperial Railroad. Their concerns stem from allegations that shareholders for Pacific Imperial Railroad are more interested in running a scam on investors than running freight on the nearly century-old binational railroad. Hunter and Denham also objected to the company's inexperience running railroads as well as the fact that no freight has moved on the line since the company assumed control.
MTS pushed back, stating that they weren't required to obtain numerous bids before entering into the contract with Pacific Imperial Railroad. The agency also imposed provisions that require the company to conduct repairs and move closer to transporting freight.
The July 17 meeting for the board of directors will start at 9 a.m. at 1255 Imperial Avenue, suite 1000.
Here's something you might be interested in.
Hear that train a comin'?
Railway company makes overdue lease payment
Hear that train a comin'?
Railway company makes overdue lease payment
On Friday, July 11, the Metropolitan Transit System's offices received the outstanding $500,000 lease payment from Pacific Imperial Railroad, the company that leases a portion of the binational railroad.
In a brief statement, MTS spokesperson Rob Schupp gave notice of the payment and said the board of directors will discuss the contract during their July 17 meeting. Accompanying the statement was a letter from MTS lead counsel Karen Landers to Pacific Imperial Railroad's president and attorney Donald Stoecklein.
"This letter is to acknowledge receipt of your $500,000 lease payment today. Pursuant to Section 8.1 of the agreement, by making this payment within the 10-day cure period, the Notice of Default/Notice to Cure issued by MTS on July 2 is deemed rescinded and this Agreement continues in full force and effect.”
The payment arrives at a tumultuous time for the railroad company and Metropolitan Transit System officials.
During the course of the past two weeks congressmen Duncan Hunter and Jeff Denham, both members of a congressional transportation committee, sent a letter to MTS chief Paul Jablonski demanding answers regarding the 99-year lease the public agency granted to Pacific Imperial Railroad. Their concerns stem from allegations that shareholders for Pacific Imperial Railroad are more interested in running a scam on investors than running freight on the nearly century-old binational railroad. Hunter and Denham also objected to the company's inexperience running railroads as well as the fact that no freight has moved on the line since the company assumed control.
MTS pushed back, stating that they weren't required to obtain numerous bids before entering into the contract with Pacific Imperial Railroad. The agency also imposed provisions that require the company to conduct repairs and move closer to transporting freight.
The July 17 meeting for the board of directors will start at 9 a.m. at 1255 Imperial Avenue, suite 1000.
Comments