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Minimum $2.8 m...on needed to get tourist train on track Annual operating costs are estimated at $910,000 to $1,235,000 in the report, prepared by Cole, Sherman and Associates. A market for a recreational railroad exists, the study concluded. Total ridership would be approxiâ€" mately 100,000 people annually, generating reâ€" venues of $1.13 million, the report estimated. A tourism train between Waterloo, Elmira and St. Jacobs can be on track with a startâ€"up investment of approximately $2.8 million to $4.3 million, conâ€" cludes a feasibility study. PAGE 2 â€" WATERLOO CHRONICLE, WEDN«, all ovayp ( Ciraltrellas are y The attraction could be profitable in as little as two years after startâ€"up, suggest some sample income statements in the report. Other projections sl?’g‘g the railway accumulating a loss at least into 1998. There will be 30 new seasonal, part time and full time positions directly created by the railway and another 100 jobs created from the soâ€"called economic ripple effect. demand," concluded the report. "Service could be started as early as 1990." 7 m _ "WHERE GOOD FRIENDS MEET" mo Friday & Saturday d "Brine & Wiebe" 373 Bridge St. W. Waterloo 747â€"3222 Mon.â€"Fri. 11:00â€"1:00 Sat. 2:00â€"1:00