The historic Apache Railway – a critical piece of infrastructure in rural Arizona—is now poised for new growth and a bright future. A three-year effort to save the Apache has been realized thanks to local and state collaboration.
Clearinghouse CDFI, in partnership with the Arizona Commerce Authority, provided $2.5 million in financing to help make this project possible.
“We are delighted to support the dedicated staff at the Apache Railway. Our shared commitment to the railroad’s heritage ensures its bright future as a business and integral piece of the local and national economy,” said Andrew Gordon, President of Arizona MultiBank, a division of Clearinghouse CDFI.
“This project is vital to many rural communities, businesses, and families in Navajo County, Arizona and surrounding areas,” said Douglas Bystry, President & CEO of Clearinghouse CDFI. “We are happy to partner with the Arizona Commerce Authority to provide financing for the continued operation of the Apache Railway, operating since 1917.”
- Read about the project in the Wall Street Journal: Sale to Keep AZ Freight Railroad Alive
- Read the full press release: The Apache Railway’s Future Brightens