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Innovative Rail Partners L.L.C. was created to combine all the experience and capabilities required to successfully conduct railroad salvage, including rails to trails projects, along with dinner train operations, shortline railroad operations or take advantage of other railroad opportunities as they present themselves. We have the experience, people and equipment, plus financial resources to accomplish these projects.
Completed Caprock Trail, Texas
Our Model for Rail Trail Conversion
Our Model for Rail Trail Conversion
Innovative Rail Partners L.L.C. can do to promote the trail development:
Use network contacts to open negotiations.
Fund the railroad purchase. Purchase the rail line.
Provide assistance for the grant applications.
Salvage and market the material assets from the railroad.
Complete a trail-ready right of way.
If funded, complete the trail.
City, County, and other Trail Groups
Create a 501c3 (nonprofit Corporation)
Work with us to outline duties and responsibilities.
Provide support as needed to further the trail development.
The 501c3:
Enter into an agreement with Innovative Rail Partners allowing for proprietary assurances.
Create grant paperwork. Follow up on all available funding sources.
Act as a governmental liaison along with HM Appel Consulting L.L.C..
Assist the trail group/railroad owner where requested.
Coordinate communications between all stakeholders.
Make preparations to assume responsibility for the completed trail.
Impact
Bicycle Tourism Contributes $83 Billion Annually to U.S. Economy
Bicycle Tourism Contributes $83 Billion Annually to U.S. Economy
The Outdoor Industry Association released a study in 2017, The Outdoor Recreation Economy, which found that bicycling participants spend $83 billion on 'trip-related' sales (bicycle tourism), and generate $97 billion in retail spending. Bicycle recreation spending also contributes to the creation of 848,000 jobs.
Additionally, the Bureau of Economic Analysis included outdoor recreation in its calculations of the U.S. GDP for the first time in 2018. They estimate the economic output of outdoor recreation to be $734 billion, surpassing industries such as agriculture, petroleum and coal, and computer and electronic products (Outdoor Recreation Roundtable). The BEA estimates bicycling contributes $96 billion in annual retail sales.
Previous OIA reports:
2012: Outdoor Recreation Economy Report shows that bicycling participants spend $71 billion per year on "trip related sales," which is the category that best encompasses bicycle tourism. Overall spending for bicycling participants, which includes direct and indirect economic impacts, totals $198.7 billion, the second highest spending for any outdoor activity.
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Disclaimer of Liability
The material and information contained on this website is for general information purposes only. You should not rely upon the material or information on the website as a basis for making any business, legal, or other decisions.
Whilst we endeavor to keep the information up to date and correct, Innovative Rail Partners, L.L.C. Makes no representations or warranties of any kind, expressed, or implied about the completeness, accuracy, reliability, suitability, or availability with respect to the website, or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place upon such material is strictly at your own risk.
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