MASSENA Larry Ralston, president of the Business Development Corporation for a Greater Massena, told village board members that the rail spur that would connect the industrial park to CSXs main rail line was closer to becoming a reality.
Were closer now than weve ever been, he said last week. It is my hope well have our first cars going across it in November.
On Thursday, the development corporations board of directors took the next step and authorized an expenditure of $193,004 to pay for the rail spur project.
BDC officials said $190,004 will be paid to CSX, which will build the spur, while $3,000 will purchase an insurance policy necessary for the project to begin.
BDC executive board member Paul A. Rufa said grants BDC has received will cover the entire projects costs.
All of this money will be coming back through the grants, including the insurance, he said. Well be getting 90 percent of that back.
The remaining 10 percent, which is considered the communitys local share, will be paid for with gaming compact money allocated to the BDC from the town.
Mr. Ralston thanked Mr. Rufa, who has handled the bulk of the work on the rail spur project, for his efforts.
We really appreciate all the work youve done on this, he said.
BDC Executive Director Thomas G. Sullivan agreed.
The reason weve worked so hard on this is hopefully it will encourage others to locate there, he said.