A billionaire and the Fort Worth-based Rio Grande Pacific Corp. are in the middle of a rail fight in southern Colorado.
The Rio Grande has the lease to run trains on the dormant lines linking Canon City and Dotsero, but billionaire grain and hemp baron Stefan Soloviev has his plans too. He wants the right to run trains on the historic Tennessee Pass line that passes by the Arkansas River, reported the Colorado Sun.
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billionaire grain and hemp baron on the Eastern Plains is girding to battle Rio Grande Pacific for the right to run trains on the historic Tennessee Pass Line.
Stefan Soloviev, h
The Rio Grande Pacific Corp., based in Fort Worth, Texas, has the lease to run trains on the long-dormant lines between Cañon City and Dotsero.
But it will be many years before passenger cars and tankers filled with the freight-mover’s crude oil traverse Tennessee Pass — and not just because costs to fix the line that last saw trains in 1997 will reach into the hundreds of millions of dollars. A billionaire grain and hemp baron on the Eastern Plains is girding to battle Rio Grande Pacific for the right to run trains on the historic Tennessee Pass Line.
Stefan Soloviev, heir to his father’s Manhattan high-rise real estate fortune and owner of more than 350,000 acres of farmland in Colorado, Kansas and New Mexico, has spent the past year pushing the federal Surface Transportation Board and local Colorado communities and agencies to support his bid to ship his grain on the Tennessee Pass line.
