The former CSX railway is set to be the topic of discussion in a meeting set for Wednesday.
Chatham-Kent council will meet in closed session to discuss a “proposed disposition of land” in regards to the former CSX railway.
A deal for the former CSX rail land between Wallaceburg, Dresden and Chatham had reportedly been struck back in June.
However, it is still pending council approval.
It is still unknown when the deal will be announced.
The Municipality purchased the land and infrastructure last year for $4 million.
Reports say they have an agreement in place with Canadian Pacific to sell the fixtures, rails and ties, for $3.2 million.
There is an agreement with Canadian Pacific for the sale of the fixtures, such as rails and ties, but not the land, working out to $3.2 million. The municipality is then left with a commitment of $800,000, which will come from existing funds.
