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New Train Tracks Under King County WA Christmas Trees

By
Real Estate Agent

King County WA Joins Port of Seattle to Purchase BNSF Rail Corridor Just in Time --- Before Buffet Acquisition.

rail mapBig money and government dancing together is an interesting jig to watch. And big money doesn't get much bigger than Warren Buffet's biggest purchase of his career. Buffet's announcement of his $26 Billion purchase offer for Burlington Northern Santa Fe (BNSF) was followed by assurances from Buffet that he would not sell a dime's worth of the rail assets to pay off the purchase debt.

Now, just before the Buffet deal is done, BNSF sells off 42 miles of rail corridor between Renton and Snohomish for $81 Million to the Port of Seattle and other entities, including King County. The promise to taxpayers is future creation of hiking and biking trails integrated with excursion trains, public transportation, and continued freight hauling on certain sections. In addition, local residents are assured that the land is now protected from private developers.

old train

We look forward to enjoying a ride on an excursion train through the wine country of Woodinville some day. I'm sure the view from the train will be wonderful.

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