Settlement agreement sets stage for the future of Carolina South - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Settlement agreement sets stage for the future of Carolina Southern Railroad

The track lay idled for two years, from 2011 until 2013. | Source: WMBF News The track lay idled for two years, from 2011 until 2013. | Source: WMBF News

HORRY COUNTY, SC - The Carolina Southern Railroad may be for sale, if it's not abandoned.

A settlement agreement was reached between the company, also known as CALA, and the various governmental and private businesses in three counties. The nearly 70-mile track runs through parts of Horry, Marion and Columbus, NC counties.

The agreement sets the stage for the next phase in the railroad's future, after it was idled from 2011 until 2013.

If abandoned, CALA can sell the assets, the rail, the ties, and the real estate for whatever they can get for it, Doug Wendel explained. Wendel serves on the Interstate Railway Committee.

If a purchase were to take place, a separate entity, possibly an LLC, would be formed to purchase the company.

The Interstate Rail Road Committee says an appraisal is being conducted on the business, and that appraisal should be given to the committee in the beginning of August.

Wendel said he hopes a meeting will take place in the beginning of September.

Stick with WMBF News for continued coverage.

Copyright 2014 WMBF News. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Police: father killed 5-year-old son, buried him in backyard

    Police: father killed 5-year-old son, buried him in backyard

    Friday, February 23 2018 5:09 AM EST2018-02-23 10:09:31 GMT
    Friday, February 23 2018 5:09 AM EST2018-02-23 10:09:31 GMT
    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard. (Source: WGCL/CNN)Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard. (Source: WGCL/CNN)

    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard.

    More >>

    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard.

    More >>
  • Teen missing from Kentucky since 2017 found 'confined' inside SC home, suspect arrested

    Teen missing from Kentucky since 2017 found 'confined' inside SC home, suspect arrested

    Friday, February 23 2018 2:31 PM EST2018-02-23 19:31:36 GMT

    A Kentucky teen who was taken from her home in December 2017 was found confined in a Saluda County bedroom and a 24-year-old man was arrested for her kidnapping. 

    More >>

    A Kentucky teen who was taken from her home in December 2017 was found confined in a Saluda County bedroom and a 24-year-old man was arrested for her kidnapping. 

    More >>
  • 'Heartbroken' Kenworthy visits South Korean dog meat farm

    'Heartbroken' Kenworthy visits South Korean dog meat farm

    Friday, February 23 2018 3:05 AM EST2018-02-23 08:05:09 GMT
    Friday, February 23 2018 3:08 PM EST2018-02-23 20:08:54 GMT
    (AP Photo/Ahn Young-joon). In this Friday, Feb. 23, 2018, photo, American freestyle skier Gus Kenworthy, left, and his boyfriend Matthew Wilkas watch dogs in cages at a dog meat farm in Siheung, South Korea. Kenworthy saved five stray dogs during the S...(AP Photo/Ahn Young-joon). In this Friday, Feb. 23, 2018, photo, American freestyle skier Gus Kenworthy, left, and his boyfriend Matthew Wilkas watch dogs in cages at a dog meat farm in Siheung, South Korea. Kenworthy saved five stray dogs during the S...

    The Associated Press joined American freestyle skier Gus Kenworthy on a tour of a Korean dog meat farm that's about to be shuttered by the Humane Society International.

    More >>

    The Associated Press joined American freestyle skier Gus Kenworthy on a tour of a Korean dog meat farm that's about to be shuttered by the Humane Society International.

    More >>
Powered by Frankly