Cincinnati Southern Railway

A new website includes financial information about Cincinnati's investment fund resulting from the sale of the city-owned railway.

The railway revenue is required by state law to be spent only on maintaining existing city-owned infrastructure like roads, parks, recreation centers, and police and fire stations. Here's what City Manager Sheryl Long has targeted.

Cincinnati’s infrastructure investment fund has grown about 3.5% so far this year, and about 7.5% over the past year.

Cincinnati's investment fund resulting from the sale of the city-owned railway has grown by nearly $100 million over the past 11 months. That 6.87% growth is ahead of the Board's goal to grow the fund by an average 5.5% annually.

The $1.6 billion sale revenue has been invested, including about $21 million right here in Hamilton County.

Cincinnati’s investment fund resulting from the sale of the city-owned railway has grown by $94 million since March, a growth of nearly 6%.

The goal is to grow the principal of the $1.6 billion over time, while still sending at least $26 million a year to the city to spend on maintaining current infrastructure like streets, parks, and recreation centers.

Voters approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. That revenue will now be invested, but not in gun manufacturing.

The board hired a consulting firm to rank the 16 applicants who applied for the role. The board winnowed those down to five: UBS, Fifth Third Bank, NEPC, FEG Investment Advisors and Northern Trust.

An oversight board will interview five applicants for the job of managing a $1.6 billion investment fund resulting from the sale of the Cincinnati Southern Railway.