[Federal Register Volume 68, Number 133 (Friday, July 11, 2003)]
[Notices]
[Page 41414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-17345]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34361]


Metro Regional Transit Authority--Acquisition Exemption--Certain 
Assets of CSX Transportation, Inc.

    Metro Regional Transit Authority (METRO) has filed a notice of 
exemption under 49 CFR 1150.31, et seq. to acquire CSX Transportation, 
Inc.'s (CSXT) right, title and interest in a perpetual freight rail 
easement over a rail line owned by METRO between approximately milepost 
40.42 (valuation station 1856+40) near Howard Street in Akron, OH and 
approximately milepost 33.70 (valuation station 2206+60) at Krumroy, 
OH, a distance of approximately 6.72 miles in Summit County, OH.\1\
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    \1\ The freight easement was initially retained by CSXT when 
CSXT sold the assets comprising the subject line to METRO in Metro 
Regional Transit Authority--Acquisition Exemption--CSX 
Transportation, Inc., STB Finance Docket No. 33838 (STB served June 
23, 2000).
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    METRO indicates that it will not operate any freight rail service 
on the line. METRO further indicates that this transaction is related 
to STB Finance Docket No. 34362, Akron Barberton Cluster Railway 
Company--Lease and Operation Exemption--Metro Regional Transit 
Authority, wherein the Akron Barberton Cluster Railway Company has 
filed a notice of exemption under 1150.41 to lease and operate over the 
rail line involved here.
    Consummation of the transaction was expected to occur on or after 
June 19, 2003, the effective date of this exemption.
    METRO certifies that the projected annual revenues as a result of 
the transaction will not exceed $5 million, and thus the transaction 
will not result in the creation of a Class II or Class I rail carrier.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to revoke the exemption 
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a 
petition to revoke will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34361, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on Edward J. Fishman, Esq., 
Kirkpatrick & Lockhart LLP, 1800 Massachusetts Ave., Second Floor, 
Washington, DC 20036.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: July 2, 2003.

    By the Board, Joseph H. Dettmar, Acting Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03-17345 Filed 7-10-03; 8:45 am]
BILLING CODE 4915-00-P