November 21, 2024 4:28 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Goldwater Institute derailing loan to railroad

The Apache Railway train, pictured just south of Holbrook.
The Apache Railway train, pictured just south of Holbrook.

By Jeremy Duda | Arizona Capitol Times

A group attempting to round up enough money to save a railroad that serves as Snowflake’s economic lifeline has decided not to take a loan from the Arizona Commerce Authority over concerns and possible legal action from a conservative think tank.

The Legislature in 2013 authorized the ACA to loan up to $2 million to the Snowflake Community Foundation, a group of civic and business leaders, so it could buy the Apache Railway and keep it in business after the paper mill that owned it closed. The foundation hoped to use the ACA loan to get a $4.5 million matching loan from the Federal Railroad Administration.

But the Goldwater Institute warned that the legislation authorizing the loan may have violated the Arizona Constitution’s ban on special legislation.

Continued:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »

Post Calendar

September 2014
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.