Cincinnati’s railway trust hits nearly $1.9B - continues to outperform projections even as city struggles to increase the pace in spending its annual returns
The Cincinnati Southern Railway Trust, created after city voters decided to sell the railroad to Norfolk Southern in 2023, now has a balance of $1.89 billion, up from the $1.6 billion sale price.
Year to date, the trust is up 3.16%. Its annualized performance has been 9.79% since its inception in March 2024. That rate of return is well over the 5.5% target return each year.
The trust provided the city $56 million to spend in fiscal year 2026, which ends June 30. So far, the city has signed contracts or encumbered $20.7 million of the work and spent $7.8 million.
The city continues to look at other ways to get the money out the door so citizens see results, he said. “We are not where we want to be in terms of spend,” Bowers said. “The process is not set up to be fast.”