By Aaron Isaacs. HRA editor
The Tennessee Valley Railroad Museum newsletter arrived today and it contained several interesting news items.
For some time HRA has been trying to quantify the economic impact of the railway preservation industry. I’ve estimated annual expenditures to be $400 million. The newsletter says from 2007 to 2016 TVRM spent $10.3 million on capital improvements alone. That doesn’t include operating expenses.
For a railroad museum, TVRM is a pretty big business. Revenue was $7.7 million in both 2015 and 2016. A big contributor was freight hauled by its for-profit subsidiaries, 8013 carloads in 2015 and 8569 carloads in 2016.
According to the newsletter, TVRM has traded three RDCs to Western Maryland Scenic for three lightweight coaches. They are:
Central of Georgia combine 726 (ACF 1947)
Norfolk & Western coach 540 (Pullman Standard 1949)
Norfolk & Western coach 100, originally sleeper Randolph Macon College (Budd 1954)
All three cars are expected to see service this year.
The museum also acquired a number of machine tools and shop fixtures with the closure of the Alstom plant in Chattanooga and two TVA steam power plants.