Cincinnati will have $72.1 million from the sale of the city-owned railway to spend on existing infrastructure in fiscal year 2028.
The board of trustees for the Cincinnati Southern Railway Trust (CSRT) voted to approve that amount at its quarterly meeting Tuesday. Fiscal year 2028 begins July 1, 2027.
Voters approved the $1.6 billion sale to Norfolk Southern in 2023, replacing a decades-long lease to the railway company. The money was invested, with the board approving annual disbursements from a portion of the earned interest. The remaining earned interest stays in the fund to grow the principal. The current balance is more than $1.9 billion…