It is currently Wed Oct 18, 2017 4:22 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 132 posts ]  Go to page Previous  1 ... 3, 4, 5, 6, 7, 8, 9  Next
Author Message
 Post subject: Re: Age of Steam gets another one
PostPosted: Tue Jul 07, 2015 9:27 pm 

Joined: Fri Jan 08, 2010 10:08 pm
Posts: 252
Location: Amherst, Oh
AoS has leased 1293 in the past to the Cuyahoga Valley line, although the last few years it's been 765 instead. 1293 also ran at Byseville Scenic for a short time.


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Tue Jul 07, 2015 10:17 pm 

Joined: Thu Oct 24, 2013 8:30 am
Posts: 84
I wasn't saying he should get all of them operating at once I was talking about the 1293 6325 and 33 and getting those three back on the road. I was thinking that it would be a good idea to get several back on the road than having all of them locked up that's all. I mean isn't that what preservation is all about I'm just saying. Just to be clear. Getting those three back the road would be my top priority to put my steam collection and money to work that's all. I'll leave it here


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Tue Jul 07, 2015 10:41 pm 

Joined: Sun Aug 22, 2004 1:51 pm
Posts: 8294
Location: Baltimore, MD
You speak as if "income" from collection assets is an issue or priority in this particular case.

I have been led to believe that, at least for the time being, that isn't an issue. <:-)


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 12:00 am 

Joined: Wed Jun 26, 2013 7:20 pm
Posts: 125
Quote:
I collect and restore military equipment as well. So I had my heart set on purchasing, restoring, and operating the USA 612. I have been watching it for a long time. When I heard AoS bought it, I was a little heartbroken.


So what were you waiting for? If you wanted it, why didn't you buy it? JJJ did.


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 8:41 am 

Joined: Sun Jun 17, 2007 8:03 pm
Posts: 899
Location: Brampton, Ontario
This is pretty silly... I can't believe we are bickering about someone in a position to do something, ACTUALLY doing something.

In case anyone was wondering, The Ohio Central was purchased for $219 Million dollars. It would probably be some time before JJJ manages to even make a dent in that.

http://www.bizjournals.com/columbus/stories/2008/08/04/daily7.html

Be thankful some one is actually picking up these forlorn engines and doing SOMETHING with them.

The two projects I was formerly involved with have more or less tanked, and one of those engines sits on the property of an actual museum that vehemently refuses to let any work be done to it (the other was plopped at the end of a dimly lit dead end street in the skid row district), and both could probably benefit from a good rescuing, EVEN IF it means a trip to Ohio. They would certainly be better off there than they ever would be here.

I know I'd sleep better knowing they were actually being taken care of.

_________________
CNR 6167 in Guelph, ON or "How NOT To Restore A Steam Locomotive"


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 9:29 am 

Joined: Tue Apr 20, 2010 10:49 am
Posts: 230
Location: Cambridgeshire UK
Please delete this message, Thanks


Last edited by David Notarius on Fri Jul 10, 2015 6:24 pm, edited 1 time in total.

Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 9:38 am 

Joined: Tue Apr 20, 2010 10:49 am
Posts: 230
Location: Cambridgeshire UK
Howdy Folks;
I agree with "joe6167", Jerry is doing what only all of us can dream of doing, in the way of preservation and restoration! And he's doing it the right way by building the infrastructure to restore and maintain his collection. I hope Jerry has leaned from the mistakes made in the past by Spence & Blount, and place safeguards to protect his collection for the future, which I am sure he has. As for USATC 612 and the heartbroken collector, there are still a large number of USATC s160 2-8-0's (and other American built steam locomotives) available in Europe. Some that are actual combat veterans from WW2! But time is running out on these locomotives, especially the ones in Greece. We should be offering constructive criticism to the Jerry Jacobson and the Ross Rowland's, we're all trying to do the same thing.

Have fun - David Notarius, about to fix the electric fence by the chicken coops, Cambridgeshire UK


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 10:35 am 

Joined: Sun Aug 22, 2004 7:19 am
Posts: 5229
Location: southeastern USA
Good point David - this may be an excellent time for the Greeks to run a fire sale on old iron. They need a bit of cash right now.

Joe, absolutely correct. AOS successes doesn't do anything but support preservation of endangered resources and encourage the rest of us to get it together and set up war chests to do the same instead of waiting and whining after the fact. As an industry we need all the success we can find, and should mutually support each other.

_________________
"Techies never minded eating bits and jots of their work. They were grit and grease inside and out and could turn a pile of junk into a magical kingdom."

Andrea Hairston


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 12:34 pm 

Joined: Thu May 21, 2015 9:33 am
Posts: 85
train guy wrote:
Quote:
I collect and restore military equipment as well. So I had my heart set on purchasing, restoring, and operating the USA 612. I have been watching it for a long time. When I heard AoS bought it, I was a little heartbroken.


So what were you waiting for? If you wanted it, why didn't you buy it? JJJ did.


I am well versed in the he who can/does act first wins. It happens a lot in the military vehicle hobby.

All of my funds were tied up in the startup of my shortline, plus I didn't have a suitable location to keep it or even start working on it yet. I didn't want to purchase it without have a firm promise of a secure, safe future for it. It didn't need to become another kit engine in constant danger. I was trying to do the right thing and wait until all was ready. I am glad the engine will be taken care of- hopefully it will be returned to operation.

I am also well aware of the other S160 engines overseas, especially the 5 in Greece. Moving an engine from GA to SC would have been easier than from Greece to SC. I can only hope they don't get scrapped in the next 6months to a year then I might be in a position to pull something off and bring one (hopefully 2 or more for a parts supply, maybe all 5 if the price is right) back 'home'.

_________________
Adam McDowell
Shaw Air Force Base Rail Operations
General Manager- Mechanical, Foxville and Northern Railroad


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 1:56 pm 

Joined: Mon Feb 17, 2014 4:20 pm
Posts: 437
When a deep-pocketed organization buys a loco, that to me is cause for major celebration because now I don't have to spend any of my own money on helping to save it. The loco has just been preserved for "free"!


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 2:42 pm 
User avatar

Joined: Fri Oct 01, 2004 2:46 pm
Posts: 1898
Location: Pac NW, via North Florida
rock island lines wrote:
When a deep-pocketed organization buys a loco, that to me is cause for major celebration because now I don't have to spend any of my own money on helping to save it. The loco has just been preserved for "free"!
The mentions of Paulson Spence and Dick Jensen earlier in this thread highlight the concerns overall. Most of us have difficulty imagining a situation where a collection and facility like AOS keeps plugging along like it is, long after Jacobson has passed on (hopefully many years in the future). Even Nelson Blount's collection was culled out when Steamtown was moved, but at least those weren't scrapped.
That's why I'm confused overall with what the long-haul end result is. Sure, Jacobson probably staked a literal trainload of cash into this, but we all know there's always the upkeep. I have a hard time visualizing AOS moving along like this, in, say, 10-20 years or longer after he's passed on.

_________________
Lee Bishop


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 2:55 pm 
User avatar

Joined: Mon Mar 13, 2006 7:20 pm
Posts: 1910
Location: San Diego, Ca
Endowment definition...
http://www.investopedia.com/terms/e/endowment.asp

Quote:
Additionally, an endowment has been established so that the monumental construction work of this roundhouse and the treasures it contains may be guaranteed continued existence into the future.


http://www.ageofsteamroundhouse.com/about_going.htm

_________________
http://www.kentuckysteam.org


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 4:57 pm 

Joined: Sun Aug 22, 2004 8:28 am
Posts: 2435
Location: Salt Lake City, Utah
p51 wrote:
I have a hard time visualizing AOS moving along like this, in, say, 10-20 years or longer after he's passed on.


I have a hard time visualizing how a lot of railroad museums and preservation organizations that exist now are going to be moving along like they are no, in say, 10-20 years or longer. Most of them have no real long-term plan for survival, no fundraising, no substantial facilities, let alone a long term vision.

What I don't worry about is AOS. It should have a solid foundation that will enable it, when it goes non-profit in the future, to last for a long time.

What is interesting to note, is that Age of Steam, LTD is the business entity operating the facility now. In Ohio, it is registered as a for profit, limited liability company. "Age of Steam" and "Age of Steam Roundhouse" are registered trade names of this company. What this tells me is that we are still in the early stages of what is to come. JJ is building this, and at some point, AOS will go non-profit, with an endowment and the ability to raise funds through tax-deductible contributions.

_________________
--
David M. Wilkins

"They Love Him for the Enemies He Has Made!"


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 6:50 pm 

Joined: Tue Jul 17, 2012 5:24 pm
Posts: 40
David,

I believe if you do a search you will find a Jerry Jo and Laura Jacobson Foundation that was set up at the time of the sale of the railroad. I was told by a current employee that 30% of the railroad sale went into the foundation (something to do with taxes) It is my understanding that is what built the building, buying/owning the equipment and is the endowment. That would be around 65 million to use. If 25 million or so was used to build the building, then that leaves 40 million left over for equipment, maintenance, taxes and employees.

At a 7% annual return in and investment account, that would be 2.8 million per year as a budget without touching the principal. Not bad. I think most organizations could only dream of that senerio.

Ted


Offline
 Profile  
 
 Post subject: Re: Age of Steam gets another one
PostPosted: Wed Jul 08, 2015 8:24 pm 

Joined: Sun Mar 24, 2013 11:29 am
Posts: 52
This is getting halarious,If people even bothered to read his website you will know,WHO,WHAT,WHERE,WHEN,WHY


Offline
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 132 posts ]  Go to page Previous  1 ... 3, 4, 5, 6, 7, 8, 9  Next

All times are UTC - 5 hours [ DST ]


 Who is online

Users browsing this forum: Bing [Bot], ColebrookdaleRailfan, Google [Bot] and 48 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to: