Railroad operator Genesee & Wyoming Inc. has accepted York Redevelopment Authority’s offer to buy three rail properties in the city for $600,000, according to the authority. The authority plans to build part of its $50 million-plus Northwest Triangle project on the parcels.
The project would redevelop brownfields and old industrial properties northwest of downtown York into residential, office, retail and recreational space, according to the authority. It also would add 347 jobs and at least 160 new residents.
The authority had budgeted $600,000 for the purchase, according to the authority. The amount is eligible for reimbursement from the state. Federal law protects rail properties from eminent domain, so an amicable agreement was needed.
Greenwich, Conn.-based Genesee & Wyoming agreed Aug. 30 to the deal.
One more property needs to be acquired: the Ohio Blenders site, which borders the Codorus Creek.
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