Issues that Emerge When Public Entities Acquire a Real Property Interest in Rail Lines

TRB’s National Cooperative Rail Research Program (NCRRP) Legal Research Digest (LRD) 3: Issues that Emerge When Public Entities Acquire a Real Property Interest in Rail Lines presents potential issues and solutions that may emerge when state and local governments seek to acquire real property interests from an operating railroad in active rail corridors. The report also includes an annotated term sheet template for pursuit of the transaction.