LEXINGTON, KY (1/28/14) – The lawsuits between Lexington Center Corporation (LCC) and RJ Corman Railroad Company/Central Kentucky Lines, LLC have been dismissed and a settlement agreement has been reached, Brent Rice, LCC Board Chair, and Craig King, President, R.J. Corman Railroad Group, LCC., announced today.
Under an Amended Lease, RJ Corman Railroad Property, LLC agrees to remove the train holding station currently standing on LCC property within a two-year period. The agreement also stipulates that LCC refund all rents collected under the Lease during the first 12 months of operation; the lease agreement governing the rail spur activities will remain intact.
According to Rice, “We’re pleased to have reached a resolution to this matter and we are happy Lexington residents and visitors, alike, can still look forward to enjoying the RJ Corman Dinner Train.”King said RJ Corman Railroad Company/Central Kentucky Lines, LLC, is pleased that the parties have reached an agreement in which each of their respective interests have been adequately accommodated.
Information provided by Sheila Kenny
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