Businessman offers to buy New Orleans Public Belt

Published: January 15, 2015

A prominent local businessman has offered to buy the New Orleans Public Belt Railroad.

In a statement released Wednesday morning, Thomas B. Coleman, a New Orleans native and former CEO of International-Matex Tank Terminals, said he wants to buy the Public Belt to spur the local economy and ensure the railroad remains locally owned.

Read the complete story at The Times-Picayune.