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| According to the EPA, The Lehigh Valley Lives https://www.rypn.org/forums/viewtopic.php?f=1&t=34325 |
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| Author: | superheater [ Tue Jan 01, 2013 12:23 am ] |
| Post subject: | According to the EPA, The Lehigh Valley Lives |
http://www.epa.gov/region2/superfund/npl/0203481c.pdf |
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| Author: | JimBoylan [ Tue Jan 01, 2013 1:08 am ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
It probably went to whoever got ownership of that particular plot of land. |
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| Author: | Heavenrich [ Tue Jan 01, 2013 8:58 am ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
This gets interesting historically because didn't the Lehigh Valley go to Conrail which was owned for quite a while by the govt. and then to NS and CSX, so at one time the govt. could have been suing itself ! Bob H |
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| Author: | Joe Magruder [ Tue Jan 01, 2013 2:04 pm ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
Does the Lehigh Valley continue to exist as a (paper) entity to deal with liability issues such as this? The technical language of the report suggests a fair amount of long-term grief for those living in the area. |
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| Author: | JimBoylan [ Tue Jan 01, 2013 5:30 pm ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
ConRail didn't buy the Lehigh Valley RR, it only bought some of its property and equipment. |
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| Author: | JimBoylan [ Tue Jan 01, 2013 5:48 pm ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
I'm don't think that the Lehigh Valley RR ever came out of Bankruptcy, but instead, was liquidated by 1983. The corporate records are at this link, and the last Bankruptcy Trustee's Report is 1982: http://www.phmc.state.pa.us/bah/dam/mg/mg274.htm |
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| Author: | JimBoylan [ Tue Jan 01, 2013 6:15 pm ] |
| Post subject: | Re: According to the EPA, The Lehigh Valley Lives |
The Wikipedia entry at http://en.wikipedia.org/wiki/Lehigh_Val ... bankruptcy claims, without attribution, that: Quote: The remainder of the assets were disposed of by the estate until it was folded into the non-railroad Penn Central Corporation in the early 1980s. PennCntral is now called American Premier, which is mainly an insurance company.
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