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Re: Tour of East Side Abscess New LIRR Terminal Taking Shape Beneath Grand Central Terminal

Posted by Fisk Ave Jim on Wed Oct 31 22:34:00 2018, in response to Re: Tour of East Side Abscess New LIRR Terminal Taking Shape Beneath Grand Central Terminal, posted by Olog-hai on Wed Oct 31 19:20:02 2018.

Thats a bit of an overstatement. Get a copy of "The Wreck of the Penn Central" by Peter Binzen. It outlines the ongoing mess that caused the contributing railroads to be monumental moneylosers and turn it into a huge moneyloser.
Things like high level graft & corruption which led to suicide of a high ranking official.
Things like a top heavy labor force which resulted in a bank breaking payroll.
Things like antiquated work rules, duplicate lines, incompatable equiptment & money draining commuter operations.
It was 10 years in the planning & doomed from the start.
Draconian implentation of regulation and taxation had little to to with a corperation that was dying from within at the hands of their prior railroad employees on their own without any gov't help.

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