UNC School of Government blog content from 2015 helps explain the ins and outs of why it's always risky to own land adjacent to a railroad (even old, abandoned tracks or swath where tracks used to be). When we downsized to a brand new condo development adjacent to the RR easement in downtown Durham (redeveloped site) in early 2020 little did we know it would be NC RR Company, not the trains, that might pose the greater long-term financial threat on our investment. Rent negotiations ongoing. Lesson learned.
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NCRRdissolution
Dissolution is the Solution
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Proprietor says NCRR easement dispute is putting fate of century-old building at risk
PRE News & Ideas | By Annette Weston-Riggs
Published December 12, 2023 at 10:36 AM EST
The 100-year-old, recently renovated Shop Class building overlooks railroad tracks that send freight to and from the docks in Morehead City and North Carolina’s larger cities, on a path through New Bern – and it’s that rail line that has caused a problem for Shop Class owner Maurice Howland.
The owner of a New Bern business claims the facility is in jeopardy amid a dispute with North Carolina Railroad Company about a property easement.
HGTV hosts might describe the recently renovated Shop Class building as a meld of history and modernism, it’s brick exterior and arched window openings offset by shiny, newer corrugated metal and surrounded by black metal fencing and an electronic gate. Owner Maurice Howland said, “It's a 100-year-old…
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NCRR treats New Bern like their personal Junk Yard. And now they are attacking our Citizens. It's my understanding that North Carolina owns the controlling Stock in the company. That means we should be able to get our Legislators to help fix the problems.