"The D&H acquisition by Guilford Industries is a perfect example of the benefit of cooperation between the public sector and the private sector, and what I have called the public-private partnership. By government, industry and labor working together we can improve the lives of the entire family of New York." Those euphoric words were contained in Governor Cuomo's press release of 1984 announcing the final $21 million investment by the state in rail bond funds to improve the Delaware & Hudson Railway system.
Now, four years later, the dream is unraveling. New York state officials should learn from the experience.
If a proposed consolidation occurs as …
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