The story
In June 2006, the IARR purchased from the UP and started operations of the Marshalltown Industrial Lead from Marshalltown, Iowa to Steamboat Rock, Iowa. In June 2006, the IARR also purchased from North Central Railway Association a rail line running between Steamboat Rock and Ackley, Iowa, which needed rehabilitation prior to operating over. Rehabilitation has been completed and that portion of the line is currently in use.
In 2012, the Iowa River Railroad filed to abandonment of line running from Steamboat Rock to Marshalltown with the Surface Transportation Board.
The same year, a request for imposition of a public use condition and issuance of an interim trail use for the line was filed on behalf of the conservation boards of both Marshall and Hardin Counties, as well as the cities of Marshalltown, Union, Steamboat Rock, Liscomb, Eldora and Albion and the Iowa Natural Heritage Foundation. The action was approved by the Surface Transportation Board.
The abandoned line will be turned into the Iowa River Rail Trail.
From Wikipedia’s article on Iowa River Railroad, shared under CC BY-SA 4.0.3