Fate of Fifth Avenue Coach Lines

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Fate of Fifth Avenue Coach Lines
Posted by Allen45 on Sun Mar 7 07:28:49 2021 I was researching what happened to Fifth Avenue Coach Lines after it became the South Bay Corporation in 1973 and I came across a docket from the SEC on Google Books (SEC Docket: A Weekly Compilation of Releases from ..., Volume 21, Issues 13-20) from February 5, 1981 which stated that South Bay Corporation was ceasing to be an investment company. They stated in the SEC filing that they had no assets and were engaging in no business activities other than operations necessary for the final winding up of the company. So I guess Fifth Avenue Coach completely disappeared as a legal entity after 1981.
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Re: Fate of Fifth Avenue Coach Lines
Posted by Joe V* on Sun Mar 7 08:43:56 2021, in response to Fate of Fifth Avenue Coach Lines, posted by Allen45 on Sun Mar 7 07:28:49 2021.* Similar to the Erie-Lackawana. It remained in existance in Cleveland with a staff of 3 for many years afrer Conrail, mainly to settle various claims and titles.
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Re: Fate of Fifth Avenue Coach Lines
Posted by K. Trout* on Tue Mar 9 00:31:33 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by Joe V on Sun Mar 7 08:43:56 2021.* Same with the New Haven RR - after the sale to PC in 1969, it hung on until about 1981 or so and primarily concerned itself with unwinding the many, many businesses the railroad got into. The PC itself became the American Premier Underwriters asset-holding firm which owns, among other non-rail things, GCT and the Harlem and Hudson lines.
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Re: Fate of Fifth Avenue Coach Lines
Posted by William A. Padron* on Tue Mar 9 07:31:57 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by K. Trout on Tue Mar 9 00:31:33 2021.* American Premier Underwriters owned GCT until 2006. The MTA now owns it, plus the Harlem and Hudson Lines. From Wikipedia... In December 2006, American Financial sold Grand Central Terminal to Midtown TDR Ventures, LLC, an investment group controlled by Argent Ventures, which renegotiated the lease with the MTA until 2274. In November 2018, the MTA proposed to buy the station and the Hudson and Harlem Lines for up to $35.065 million, using the only purchase window specified in the lease: April 2017 to October 2019. The MTA approved the proposal on November 15, 2018,and the agency took ownership of the terminal and rail lines in February 2020. And so it goes... -William A. Padron ["Metro North"]
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Re: Fate of Fifth Avenue Coach Lines
Posted by W.B.* on Tue Mar 9 10:37:31 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by William A. Padron on Tue Mar 9 07:31:57 2021.* Sounds like a syndrome that affects other companies too, not just railroads or bus companies. Like an entity known as the Mary Carter Paint Company which morphed into Resorts International.
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Re: Fate of Fifth Avenue Coach Lines
Posted by Dyre Dan* on Tue Mar 9 10:50:59 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by W.B. on Tue Mar 9 10:37:31 2021.* Let's not forget Woolworth's, which is now Foot Locker.
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Re: Fate of Fifth Avenue Coach Lines
Posted by northshore* on Wed Mar 10 09:12:54 2021, in response to Re: Fate of Fifth Avenue Coach Lines, posted by Dyre Dan on Tue Mar 9 10:50:59 2021.* Lest not forget the Longfellow Dry Goods Company which is now Target
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