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 Post subject: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 11:27 am 

Joined: Wed Feb 16, 2005 11:17 pm
Posts: 258
Location: Houston, TX
Locomotives, passenger cars, and a pair of unserviceable steam locomotives from IPH properties are on Ozark Railcar website.

https://ozarkmountainrailcar.com/railEq ... search=VFI


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 11:45 am 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 424
Location: Pure Michigan
Make that THREE steam locomotives! LS&I #18 is now included in the sale.

Well that was quick....
It looks like the Mount Hood operation is a goner (arguably so is IPH)....
(I have included the locations of each item).


Steam Locomotives:
Lake Superior & Ishpeming Railroad 2-8-0 #18 at $560,000.00 (@SLRG).
Southern Pacific 2-6-0 #1744 at $155,000.00 (Currently dissembled, @SLRG).
Lake Superior & Ishpeming Railroad 2-8-0 #20 at $55,000.00 (@SLRG).


Diesel Locomotives:
EMD GP38 #02 at $100,000.00 (Mount Hood unit).
ALCO S1 #5 at $35,000.00 (@S&NC).
Bangor and Aroostook Railroad BL2 #52 at $87,500.00 (@S&NC).
Bangor and Aroostook Railroad BL2 #56 at $87,500.00 (@S&NC).
EMD GP-9 Locomotive #88 at $80,000.00 (Mount Hood unit).
EMD GP9 #89 at $80,000.00 (@SLRG).
EMD F7A #787 $80,000.00 (MN Zephyr unit @SLRG).
EMD F7A #788 at $80,000.00 (MN Zephyr unit @SLRG).
EMD E8A Locomotive #807 at $120,000.00 (@S&NC).
EMD E8A Locomotive #808 at $120,000.00 (@S&NC).
Delaware & Hudson ALCO S3 #821 at $35,000.00 (@S&NC).
EMD F9PH #1101 at $157,500.00 (SC&MB unit, in CA).
EMD F9PH #1102 at $157,500.00 (SC&MB unit, in CA).
EMD F7A Locomotive #9163 at $80,000.00 (@SLRG).
EMD GP40FH-2 (On Sterling Rail, Price Unknown. In Indiana).
EMD GP40FH-2 (On Sterling Rail, Price Unknown. @S&NC).
EMD GP40FH-2 (On Sterling Rail, Price Unknown. @SLRG).


Dome Cars:
Great Northern Railway Full Dome "Prairie View" #1 at $860,000.00 (in Massachusetts).
Santa Fe Railway Full Dome "Canyon View" #508 at $760,000.00 (in Massachusetts).
Santa Fe Railway Full Dome "Cascade View" #509 at $760,000.00 (in Indiana).
Santa Fe Railway Full Dome "Sunset View" #510 at $760,000.00 (@SLRG).
Santa Fe Railway Full Dome "Alpine View" #512 at $760,000.00 (@SLRG).
Santa Fe Full Dome "Sky View" #551 at at $860,000.00 (@Mount Hood).


Passenger Cars:
Kitchen Car #5641 at $32,500.00. (Still in AMTK livery, @Mount Hood).
Oneonta Falls Coach at $27,500.00 (Ex-LIRR, @Mount Hood).
Lewis & Clark Entertainment Car at $90,000.00 (Ex-LIRR, @Mount Hood).
Bridal Veil Falls Coach #2948 at $92,500.00 (Ex-LIRR, @Mount Hood).
Wahkeena Falls Coach at $65,000.00 (Ex-LIRR, @Mount Hood).
Table Car "Timberline" at $157,500.00 (Ex-UP, @Mount Hood).
Union Pacific Open Window Coach "Kathrine" at $55,000.00 (@Mount Hood).
Long Island Railroad Commuter Cars #3001/3002 at $520,000.00 (@S&NC).
Long Island Commuter Cars 3003/3004 at $820,000.00 (in Mississippi).
Long Island Commuter Cars 3005/3006 at $820,000.00 (in Florida).
Long Island Railroad Commuter Cars 3009/3010 at $820,000.00 (@SLRG).


Last edited by NS 3322 on Tue Sep 24, 2019 10:22 am, edited 2 times in total.

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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 6:12 pm 

Joined: Mon Jan 12, 2009 9:37 pm
Posts: 138
Most of that passenger equipment pricing ought to be deemed "optimistic" !


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 6:51 pm 

Joined: Sat Aug 21, 2004 10:50 pm
Posts: 467
Wow. Those are some steep, steep prices. 18 hasn't run in his many years? Are there really any market comps to justify that $500k+ price tag? I think not. If she had that kind of income generating potential, they never have shut down the steam in the first place.

Rob Gardner


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 7:31 pm 

Joined: Sun Aug 22, 2004 5:19 pm
Posts: 1852
Location: Pottstown,Pa.
I wish Ed nothing but success but must say that those prices are totally unrealistic and no where near what that equipment will bring in the final analysis.

My WAG is that at auction most of those pieces will fetch somewhere between 10%-20% of the prices listed.

Time will tell.

Ross Rowland


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 7:35 pm 

Joined: Sat May 07, 2016 1:12 am
Posts: 108
Sounds like the Rio Grande Scenic is also on the chopping block


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Sep 23, 2019 9:10 pm 

Joined: Fri Mar 29, 2013 11:14 pm
Posts: 108
Sure. Age of Steam has paid big bucks for steam locomotives. That makes everyone feel they are worth more


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 12:02 am 

Joined: Mon Jul 02, 2018 8:04 pm
Posts: 131
It certainly does sound like the Rio Grande Scenic Railroad is about to go belly up. It's a very nice train ride but tickets have always been too expensive. Sounds like they are selling all their F units on the property. Last year I did ask them why they stopped running the F unit on the excursion trains and they said it was because sparks would sometimes come out the stack and start fires. When I asked them why they stopped running the #18 they said it was because it was hard to steam at high altitudes.

Is the Mount Hood railroad closing? That would be quite surprising if that is the case. I have rode that train several times and the trains were always packed to capacity.


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 2:31 am 

Joined: Sun Apr 05, 2015 1:28 am
Posts: 334
Location: Ipswich, UK
Tom F wrote:
Is the Mount Hood railroad closing? That would be quite surprising if that is the case. I have rode that train several times and the trains were always packed to capacity.


I'd read that they owe rather a lot in unpaid taxes to one of the local authorities (either the Town or the County) and their property was under threat of siezure as a result......

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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 7:16 am 

Joined: Mon Sep 23, 2019 9:17 pm
Posts: 8
As I am sure many of you are aware, Ozark is notorious for ridiculously overpricing equipment offered for sale. Ed Ellis himself may even laugh at the prices being asked.

My understanding from industry contacts is that there is already local interest in the Mount Hood, and was before all of this came out. And, yes, there are local governments holding the bag for unpaid taxes at the Mount Hood.

This unfortunate event was a long time coming. My biggest concern will be that while Ed had the best of intentions, much of this equipment could wind up scrapped. I've lurked here for a long time, and it just seems to me the handful of well-funded organizations out there have taken on pretty much all they can. And this is a significant fleet of historical equipment that has been leveraged to the hilt, with a slew of unpaid creditors looking to recoup at least a fraction of their investment.

Not good!


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 10:10 am 

Joined: Sun Oct 24, 2010 6:22 pm
Posts: 261
The IPH GP40FH-2 fleet also seems to be up for grabs:

http://www.sterlingrail.com/classifieds ... p?id=24426

http://www.sterlingrail.com/classifieds ... p?id=24437

http://www.sterlingrail.com/classifieds ... p?id=24436

CD


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 10:19 am 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 424
Location: Pure Michigan
ShortlinesUSA wrote:
My understanding from industry contacts is that there is already local interest in the Mount Hood, and was before all of this came out. And, yes, there are local governments holding the bag for unpaid taxes at the Mount Hood.


Great to hear!


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 3:36 pm 

Joined: Thu Aug 21, 2008 8:29 pm
Posts: 356
Hey you guys have not gotten the memo: This is not "Ed" or "Ozark" setting the prices...this is because Iowa Pacific has gone into receivership. The lenders are trying to get their money back because "Ed" borrowed a lot of money that he cannot pay back.

T7


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 3:45 pm 

Joined: Mon Sep 23, 2019 9:17 pm
Posts: 8
Yes, but Ozark is setting their take (and it is always generous) on top of what Big Shoulders believes they will get for these cars. Good luck.


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Tue Sep 24, 2019 4:45 pm 

Joined: Mon Sep 23, 2019 9:17 pm
Posts: 8
Deleted.


Last edited by ShortlinesUSA on Tue Sep 24, 2019 6:25 pm, edited 2 times in total.

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