Mountain Rail: Lease With the Option to Buy

Mountain Rail
Resolution 38590 would authorize the execution of a 30-year Operating and Option to Purchase Agreement between Tacoma Rail Mountain Division (TRMW) and Mount Rainier Scenic Railroad (MRSR) for an approximately 30-mile segment of rail line between the towns of Eatonville and Morton. TRMW is seeking to eliminate any further costs and expenses related to an approximately 30 mile section of track running between the towns of Eatonville and Morton, Washington. MRSR has been operating tourist excursion services in this area since 1981, and has requested the exclusive use of TRMW property to expand their operations. This agreement would reassign rail operation and maintenance responsibilities to MRSR, and includes an option for MRSR to purchase the property.