Union Pacific conceded up front that state subsidies to improve its rails wouldn’t create jobs.
Over the past six years, the state of Oregon has handed
out $295 million in subsidies to local governments and private companies
to help build and repair ports, rail lines and public transit.
WW recently brought you the story of the railroad company—Union Pacific—that brings in billions of profits but still needs (according to the state of Oregon) millions in public subsidies. In Kara Wilbeck's "Gravy Train," we learned how Union Pacific has availed itself of $24.7 million through ConnectOregon, a program funded through state lottery profits, to fix its rail lines through Oregon. Never ...