Dear Strongdave,
Thank you for the nice words. As a mere commenter, I cannot "answer"
a question; only G-A Researchers with blue names can do this.
There are indeed a few sources from England, though I cannot remember
how detailed they were. I had assumed that you would prefer a US
orientation.
As to the requested "explanation", that is beyond my knowledge, so -
since I do this just for fun - I will leave it to a Researcher to
take over - and hope one does.
Incidentally: I searched mainly with: "sale and leaseback" rail OR subway
because I was originally seeking my local Frankfurt project and then
discovered other sites. A different search term would probably find
other sources, perhaps more neutral explanations that would talk about
"refinance at breakeven."
Let's hope that someone with financial savvy comes along. If you need
an answer by a certain date, let us know. Otherwise, keep the
question open for a while, maybe post a new clarification just to
bring it back to the top of list.
Good luck and regards, Myoarin |