, the former president and CEO of Metro
, is back in the news.
Salci this week announced that his current firm, Colorado Railcar Manufacturing
, has ceased operations and will have no employees as of tomorrow, December 31.
Salci took over as president and CEO of Colorado Railcar, a manufacturer of luxury diesel rail cars and coaches, last April. Five months earlier -- in December 2007 -- Salci resigned from Metro
following the agency's stunning loss in a lawsuit filed against Cross County Collaborative, a group of design and build companies that first worked on MetroLink's Shrewsbury extension. In addition to $21 million in legal fees, Metro was also forced to pay members of CCC an addition $6 million.
Salci announced news of Colorado Railcar's closure on the company's Web site
, stating: "Colorado Railcar Manufacturing has a major liquidity problem, and it's lenders have a secured position in the assets of the company. The company is in the process of liquidation."
Hmm, brings to mind another transit company I know. What's it's name? Oh, yeah, Metro.
-- Chad Garrison