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City of Wells for sale - now purchased by the ELR

Discussion in 'Steam Traction' started by iancawthorne, Nov 6, 2017.

  1. daveb

    daveb Member

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    It's a 2-8-2T, isn't it? 7229, if memory serves. One of the few classes yet to run in the preservation era.
     
  2. Rob P

    Rob P New Member

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    Yes, 7229.

    Sent from my SM-G920F using Tapatalk
     
  3. 26D_M

    26D_M Well-Known Member

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    That it took 12 years and £500k+ for ELR to put its Crab through a 10 yearly perhaps illustrates the sort of future liability that will need to be planned for in adding 34092 to the company fleet, the lifetime costs will inescapably be of greater magnitude.
    In effect a usage fee "payable" to itself needs to be apportioned by the Company in lieu of hire charges. Hopefully revenues rise to meet the overheads too.
    Again this is all purely rational and logical but I accept the chance to own such a machine is very hard to resist in such cold terms. There is always an opportunity cost, however, and other purchasing options will undoubtedly occur in the medium term so care needs to be taken with such a vital strategic decision. That said, it seems recent organisational changes have put ELR on a better footing for sustainable success.
     
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  4. GWR4707

    GWR4707 Part of the furniture

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    Wasn't there a suggestion recently that something was finally happening with 7229 as she had been partially put back together (or at least boiler back in frames) and moved inside, with 2873 the last remaining of my lottery win engines...
     
  5. 26D_M

    26D_M Well-Known Member

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    7229 has been gifted, I think, to the ELR and is to be a restoration project within the newly equipped Company workshop, ironically enabled by the departue of one of 7229s previous owning partners.
     
  6. RalphW

    RalphW Part of the furniture Staff Member Administrator Friend

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    Am I right in thinking that Mr Riley was one of those partners?
     
  7. Matt37401

    Matt37401 Part of the furniture

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    Yes
     
  8. Hirn

    Hirn New Member

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    City of Wells is , if extended, a locomotive I would emphatically like to travel behind on the main line.
    It had a new Giesel ejector made as calculated for Fighter Command and Giesel came over in
    person to the Worth Valley Railway. I would go well out of my normal way to do so.
     
  9. RalphW

    RalphW Part of the furniture Staff Member Administrator Friend

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    Thanks.
     
  10. 61624

    61624 Well-Known Member

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    Can anyone tell us how well the ELR are doing with their appeal to buy 34092?
     
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  11. DismalChips

    DismalChips Member

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    According to the appeal page, they've raised about 50 grand
     
  12. Springs Branch

    Springs Branch New Member

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    ELR sources advise plenty more going on behind the scenes, agreed timescales for payment all in order and progressing well, but would naturally welcome further contributions from whatever sources via ELR website.
     
  13. DismalChips

    DismalChips Member

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    Did anyone ever see an outcome of this? I must have missed any sort of confirmation or press release.
     
  14. ghost

    ghost Well-Known Member

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  15. Fireline

    Fireline Member

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    Paging Alf Roberts....
     
  16. michaelh

    michaelh Well-Known Member

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    Nonsense
     
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  17. LesterBrown

    LesterBrown Member

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    I slightly like Sheff's suggestion of Dartmoor but I suspect that the National Park would take a dim view of re-opening the Redlake line, even though there was once an outstandingly scenic 3' gauge railway winding 8 miles to one of the most remote parts of the moor - only I would prefer to see it operated by little Kerr Stuart tanks rather than monstrous Garrett's.
     
  18. Springs Branch

    Springs Branch New Member

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    34092 deal was concluded in 2018 and now owned by the ELR.
     
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  19. MellishR

    MellishR Well-Known Member Friend

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    But with a lot of the cash to pay for it still to be raised, according to that Virgin Money page, unless that is badly out of date.
     
  20. ghost

    ghost Well-Known Member

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    Unless of course, the actual price for the loco was less than the £340k being asked for in the appeal....

    I think a lot of railway/loco groups do this - ask for a lot more than required and then you'll get what you need and if you're lucky maybe a little bit more...


    Keith
     

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