The 337 mile rail line that runs between Cincinnati and Chattanooga has been owned by the City of Cincinnati since its opening in 1880 and continually leased by Southern Railway predecessors and today's Norfolk Southern ever since. Technically, it's the Cincinnati Southern, operated by NS subsidiary CNO&TP and is known as The Rathole. The current lease agreement expires in 2026. It was announced today that NS will purchase the line outright for $1.62 Billion if Cincinnati voters and the STB approve. It's a friendly offer that city government welcomes and it will be a boon to city finances.