Retired Rail Execs Pledge Matching Funds Toward Restoration

Two retired rail executives have pleged matching funds, up to $300,000, toward the restoration of Nashville, Chattanooga & St. Louis Railway Steam Locomotive No. 576. The locomotive was donated to the City of Nashville in 1953 and put on display in Centennial Park until January 2019. The Nashville Steam Preservation Society leased the locomotive from Metro Nashville and raised funds to move the locomotive to the Tennessee Central Railway Museum where the restoration is underway.

Retired railroad executives and rail history supporters, Richard Tower and Wick Moorman, have partnered in offering the matching funds. The matches will be made for contributions of $1,000.00 or more between now and December 31, 2020.

In a prepared statement, Nashville Steam Preservation Society President Shane Meador said, “If we can raise the funds to maximize the matching potential, then we will be well over halfway to our goal, and the restoration timeline can remain on track.”

Richard Tower had a career in railroad operations with Amtrak, Southern Pacific Transportation Company and the engineering firm Wilbur Smith Associates spanned from Washington, D.C. to Detroit, Chicago, and San Francisco. His family’s San Francisco-based charitable foundation, The Candelaria Fund, has played a significant role in bringing numerous historic locomotives back to live rails. Tower, with his wife Caroline, administers the fund. Tower is no stranger to historic railroading, he spent four years as the vice president and treasurer of the Cumbres & Toltec Scenic Railroad Company.

Charles W. “Wick” Moorman is the former president and CEO of Amtrak, and earlier served as chairman, president and CEO of Norfolk Southern Railway.

To date, the non-profit Nashville Steam Preservation Society (NSPS) has raised approximately $1 million toward the total project cost. The restoration is well underway at the Tennessee Central Railway Museum, located just east of downtown Nashville.

To learn more about Nashville’s legendary No. 576 and to donate, visit the Nashville Steam Preservation Society website.

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