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Critics say rail facility bailout would help Hoeven s bank JAMES MacPHERSON, Associated Press FacebookTwitterEmail BISMARCK, N.D. (AP) North Dakota’s Republican-led Legislature is considering giving $10 million to an intermodal rail facility, a move backers say will reduce shipping costs and increase markets for the state’s farm products and other commodities. Opponents argue the funding proposed for the long-troubled and financially distressed facility in Minot is nothing more than a taxpayer bailout for banks, one of which is partly owned by Republican U.S. Sen. John Hoeven. Five Minot-area lawmakers sponsored the legislation that seeks to provide $1.8 million for track improvements and $8.2 million that would be funneled to a trio of banks that acquired the property and buildings and equipment through foreclosure.

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