Surface Transportation Board Extends NITU thru April 2026
With the Trust for Public Land stepping into the role as primary negotiator towards a purchase of the corridor for a trail, the STB has extended the period of the Rail Banking for another year. The bottom line of this action is that the TPL, or other parties have thru April of 2026 to come to agreement on the purchase agreement for the corridor as a whole - and with Railbanking in place, any reversion clauses of deeds with easements are overruled. Landowners are encouraged to continue studying their deeds and if they do have reversion clauses, then they may be entitled to some minor cash settlements with the federal government via one of the class action law firms offering help.