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Story
May 31, 1954
Trainman News
Indianapolis, Marion County, Indiana
What is this article about?
Mayor deLesseps Morrison praises railroads for self-funding New Orleans' new $20 million Union Passenger Terminal, unlike airline terminals paid by taxes. Illinois Central Railroad president Wayne A. Johnston echoes this in a May publication.
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Only RRs Pay Way Mayor Morrison Says
NEW ORLEANS—"Of all the forms of transportation in the country, only the railroads pay their own way," declared Mayor deLesseps Morrison at the recent dedication of New Orleans' new $20 million passenger terminal.
"Great passenger terminals are built for the airlines, but they are paid for out of taxes. By contrast the Union Passenger Terminal will be paid for, not by the government, but by the railroads of New Orleans," he said.
Commenting on the new terminal, Wayne A. Johnston, president of Illinois Central Railroad, which is a major user of the new terminal and will pay approximately one-third of its cost, said in the May issue of an IC publication, THINGS TO TALK ABOUT:
"Taxpayers in New Orleans will not have to pay a single penny toward the cost of the new terminal, including the station, tracks, yards, engine facilities, signal and interlocking systems, express buildings and other facilities.
"The revenue bonds which the city issued to build the terminal will be retired with interest through rentals paid by the railroads. By contrast, airlines use terminals that are bought and paid for out of public funds."
NEW ORLEANS—"Of all the forms of transportation in the country, only the railroads pay their own way," declared Mayor deLesseps Morrison at the recent dedication of New Orleans' new $20 million passenger terminal.
"Great passenger terminals are built for the airlines, but they are paid for out of taxes. By contrast the Union Passenger Terminal will be paid for, not by the government, but by the railroads of New Orleans," he said.
Commenting on the new terminal, Wayne A. Johnston, president of Illinois Central Railroad, which is a major user of the new terminal and will pay approximately one-third of its cost, said in the May issue of an IC publication, THINGS TO TALK ABOUT:
"Taxpayers in New Orleans will not have to pay a single penny toward the cost of the new terminal, including the station, tracks, yards, engine facilities, signal and interlocking systems, express buildings and other facilities.
"The revenue bonds which the city issued to build the terminal will be retired with interest through rentals paid by the railroads. By contrast, airlines use terminals that are bought and paid for out of public funds."
What sub-type of article is it?
Historical Event
What themes does it cover?
Triumph
What keywords are associated?
Railroads
Passenger Terminal
New Orleans
Funding
Airlines
Dedication
What entities or persons were involved?
Delesseps Morrison
Wayne A. Johnston
Where did it happen?
New Orleans
Story Details
Key Persons
Delesseps Morrison
Wayne A. Johnston
Location
New Orleans
Event Date
Recent Dedication
Story Details
Mayor Morrison declares at the dedication that railroads alone pay their way, funding the $20 million Union Passenger Terminal themselves unlike tax-funded airline terminals. Johnston confirms in a May publication that railroads will cover all costs via rentals.