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Friday, November 20. 200989 Acre Siegel Farm PurchaseDONE Those were the words that were telegraphed across the country when the golden spike was hammered in at Promontory Point signaling the completion of the transcontinental railroad and that would be an appropriate word to use today Friday November 20th at 3:50 p.m. Why? Because that's the time that the closing was completed on IRM's latest land acquisition, the 89 acre Siegel farm located directly east and adjacent to Museum owned land.  Siegel Farm Purchase The Museum has been trying to purchase this acreage for over two years now and thanks to your donations to the LAND ACQUISITION FUND we were in a strong position to take advantage of the recession in land prices and purchase this parcel at a VERY favorable price. Mortgage rates are down now and as a result of being able to put more than 40% of the purchase price down we were able to secure favorable terms from our local bank. Our plans are to continue to rent this out for farming and hold on to it as a buffer against future development encroaching on the Museum. The full story with pictures will be in the next Rail and Wire, but in the meantime if you are considering your end of year donation PLEASE consider the LAND ACQUISITION FUND so that we may replenish that fund and be ready for the next opportunity that may arise. Thank You. Comments
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Are the 69.95 and 41.7 acre parcels owned by IRM?
#1
Dennis Bockus
on
2009-11-20 20:09
(Reply)
No, those parcels are owned by Zierer.
#1.1
James Kolanowski
on
2009-11-20 22:40
(Reply)
Does the museum still own any right of way to the east of the end of the mainline which would allow the railroad to be extended eastward at some future date?
Does the museum own any land west of Olson road other than the current right of way?
Keep up the good work.
#1.1.1
Mark Becker
on
2009-11-22 12:51
(Reply)
yes, there is a 56 acre parcel from olsen road west to about the east schmidt switch, and the ROW south to about museum drive.
#1.1.1.1
James Kolanowski
on
2009-11-23 01:33
(Reply)
i forgot to answer the first part of that, IRM owns another 3000+ or so feet of ROW east of the river where the railroad ends now.
#1.1.1.2
James Kolanowski
on
2009-11-23 01:47
(Reply)
A few years ago I heard of a plan to bridge the river in cooperation with the county. Have either IRM or the county applied for stimulus funding for this, or is it still dormant?
#1.1.1.2.1
Mike Gorecki
on
2009-11-24 13:09
(Reply)
Congrats to the IRM. I am from close by South Bend, Indiana and follow the museums workings closely (well as much as I can through internet). Everyone at the museum should be proud of the work that they do and the personal sacrafice they make to save railroad history.
Best
#1.2
Keith Ziolkowski
on
2009-11-20 23:23
(Reply)
With this new parcel, can the IRM connect from yards 10-15 to the mail line?
#2
Kirk Warner
on
2009-11-21 15:32
(Reply)
not until some of the Zierer parcels can be acquired, and some bridges built.
#2.1
James Kolanowski
on
2009-11-23 01:36
(Reply)
The acquisition of this buffer land is awesome great news!!!!
#3
Wally Unglaub
on
2009-11-21 21:16
(Reply)
Does this purchase include the land accessed by Karsten's crossing? And do we have any ideas yet as to how we will use this new acreage?
#4
Scott Greig
on
2009-11-22 09:53
(Reply)
No, karstens is the zierer parcels. For now, the new acreage will be leased to the farmers the same as our other unused land.
#4.1
James Kolanowski
on
2009-11-23 01:38
(Reply)
Are the 32.69 acres area owned by the museum? I'm a bit directionally dislexic and so not to sure of the orientation of the map.. thaanks..
#5
Phil
on
2009-11-23 13:04
(Reply)
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