Things seem to be looking up for the Mount Hood Railroad, located in the Hood River Valley, some 60 miles east of Portland, Oregon. Permian Basin Railways—which operates about a half dozen small lines, mostly in the West—bought Mount Hood from 20 Oregon investors this past January. Purchase price wasn't released; the investors were asking for $5.2 million. Included in the package: the line itself, three historic engines and passenger cars, and the landmark Hood River depot. Finished in 1
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