Story Created:
Jan 31, 2010 at 4:12 PM CDT
Story Updated:
Jan 31, 2010 at 4:12 PM CDT
PADUCAH, Ky. (AP) - Kentucky has given preliminary approval to $400,000 in tax incentives for the Paducah & Louisville Railway to build a new "green" headquarters.
The Paducah Sun reported that the Kentucky Economic Development Finance Authority gave initial go-ahead Thursday for the tax credits, which will go toward a $4.2 million headquarters and end the company's search for a new home.
The new facility will replace P&L's crowded, aging quarters in downtown Paducah with a new 20,000-square-foot building.
P&L, a 265-mile regional railroad, has grown steadily in recent years by acquiring rail lines in West Virginia, Indiana and Illinois. Company president Tony Reck said the company has newer contracts with CSX to build and operate intermodal facilities in West Baltimore, Ohio, and Winter Haven, Fla.
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Anonymous said on Monday, Feb 1 at 6:21 PM
Try working to them then people all I can tell you. Yes great there going green just don't believe that Paducah should be giving them money alot of other things it could be spent on when the RR makes plenty of money............ Reck and Green are good guys not gonna mention a few others out there that they need to get rid of though............. That would diffently save them 400,000.
36794877Anonymous said on Monday, Feb 1 at 12:15 PM
the company is still going strong in this economy. good job! everyone don't be so negative
36765837Anonymous said on Monday, Feb 1 at 11:13 AM
how did this get on cars? As long as they do the right thing then good for them, btw I don't think the President drives a Malibu!!
36762034jj said on Monday, Feb 1 at 9:48 AM
half of you idiots on here that are making negative comments couldn't organize a one car funeral, much less a successful multi-million dollar business like the railroad. I think the fact that they continue to thrive in the midst of a recession speaks volumes about the leadership at P & L. They have always been a great bunch of people to work with. CLASS ACT.
36757057Anonymous said on Monday, Feb 1 at 9:33 AM
No they don't buy new esclades for Tony Reck and Cadallic for green. New chevy or now some ford trucks for the foremans. I know whoever posted that so you get your facts straight. Maybe cut some of the big wigs pay obvisiously you can have houses as big as Tom Green and Tony Reck there making way to much money a year.
36756239Anonymous said on Monday, Feb 1 at 2:14 AM
To bad that none of the previous post are true, why don't you get facts straight before you start running off at the mouth. They don't buy new cars every year for the employees, and Chevy Malibu's are so expensive. Wow, you people need to get a life.
36747269Anonymous said on Sunday, Jan 31 at 10:33 PM
I have seen the company cars some of them drive. talk about wasting money!! Maybe they should make some other "cuts" and see how much money they have at the end of the year.
36742177Anonymous said on Sunday, Jan 31 at 10:29 PM
They can buy there company workers that don't do anything brand new vehicles every year, and send them on trips???????? Stop that for a year and they will have well over 400,000.......... Paducah come on all politics get real open up new business that will benefit everyone not some multibillion dollar outfit!!!!!!!!!!!!!!
36741997Anonymous said on Sunday, Jan 31 at 9:52 PM
these comments our right on the money>>>> They are awful to the men and women that keep the company running..the workers
36740587Anonymous said on Sunday, Jan 31 at 7:06 PM
Glad we can give money to them and not to the people who really need it without jobs!!!!!!!!!!!!!!!!!!!!!!!
36735459Anonymous said on Sunday, Jan 31 at 7:04 PM
I think its a shame this company can take money from the government and can't keep there employees working. Contracts are up and the union workers that keep the company in business haven't had new contracts in some time now. Pay and benefits especially insurance is horrible. Worst outfit as far as supervision ever, treat the working men like dirt on the soles of their shoes........
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