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Coos Bay Has Fed Help - How About the State's?
Article by: John Ledger - March 20, 2009
Region may get much needed help in acquiring rail.
The International Port of Coos Bay may be able to acquire railway shortlines, desperately needed to connect the south coast community with the national transportation system, under a bill now in the House Transportation Committee.
Under HB 2806, the State Treasurer would be authorized to issue lottery bonds for the acquisition of railways by the Oregon International Port of Coos Bay, plus an additional amount to be estimated by the State Treasurer for payment of bond-related costs. Funding would be the state lottery to the tune of $15 million.
This measure is seen as an important step in revitalizing the economy of southwest Oregon.



