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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. |
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Comments
Fri, 03-29-2024 21:26
We're slackers and spend more time working on the equipment in the shop than keeping all you readers updated. We'll work on it, but I'm sure updates [...]
Thu, 03-14-2024 08:02
What happened to the Department Blog? It's been over 2 years and I still regularly check for updates, but nothing comes...
Mon, 12-27-2021 16:28
Happy New Year to all the Departments at the Illinois railway Museum! Thanks for all the good work you do in railroad preservation. Ted Miles, [...]
Wed, 10-13-2021 13:33
Was the CB&Q 1309 every transported to IRM?I’ve been reading old issues of Rail&Wire and the car was mentioned several times.
Mon, 06-07-2021 22:40
I was wondering if in the model layout display what scale would you guys be using and would you be displaying model train history as well? Just [...]
Wed, 06-02-2021 17:27
Nice to see 428's cab back on. Looking forward to when it is operable!
Tue, 06-01-2021 16:47
I hope the work will continue on the UP #428. Now that they are the museum's connection to the national railroad network; she would be very [...]
Sat, 04-17-2021 23:07
What is the status of 126, the Milwaukee Buffet car that is in S. Dakota? Any guess on when or if it will get to IRM?
Wed, 04-14-2021 21:09
Perhaps it is time to scrap the remains of the c, B & Q 7128 to make room for the Villa Real. Ted miles, IRM member
Wed, 04-14-2021 15:26
Hi IRM my name is Jason and I was wonder If you guys would be willing to save a CN Dash8-40cm they are currently being retired by CN and being [...]
Fri, 04-09-2021 19:56
Bear in mind that the Nebraska Zephyr is an articulated train set, so cars cannot be inserted at will. Although cars and/or a second engine could be [...]
Wed, 03-31-2021 11:37
I believe Silver Pony is currently on the back burner, and has been put into storage in one of the barns. The car needs a lot of work done to it's [...]