Wayne, 246810 {Jack}
Interesting thots from both of you. I agree, they should have little problem coming up with thier portion of the matching funds. From my conversations with NYRR management I also have no doubts the money is destined for infrastructure, motive power and revenue generating avenues.
I don't think the new business is quite so "iffy" though. Each time I have spoken to them I have been told of new customers, new revenue streams. If you think or look back, it is all posted here. The lumber reload operation, dockside deliveries, increases in cocoa bean shipments, hauling of the scrap from the construction, etc. As far as I can calculate, they are busier than they have ever been and generating more revenue than ever before. So the "iffy" is actually occurring as we speak. As to the Port Authority, if I remember correctly, Bob Crawford sits on that Board.
As to the financials, well, I'll refrain from much comment until I see them. Several times over the last year I have been told the accountants were right next to completion and would be done soon. I will say I was told NYRR has spent huge dollars getting them done and they themselves were pushing to get what they had paid for, but the accountants were lagging.
Jim J |
