By Associated Press - Tuesday, August 12, 2014

BALTIMORE (AP) - The city and a transportation company will share the cost of rebuilding a retaining wall along a railroad track that collapsed earlier this year and swallowed cars, a sidewalk and a streetlight.

The memorandum of understanding between the city and CSX Corp. will go before the Baltimore Board of Estimates on Wednesday. CSX will assume responsibility for the new retaining wall, and contribute up to $10 million, or 50 percent of the total cost of repairs.

A one-block stretch of 26th Street in the Charles Village neighborhood collapsed on April 30, following a heavy downpour. The block’s residents were displaced from their homes for weeks following the landslide.

The cost of repair has been estimated at roughly $18.5 million.

Mayor Stephanie Rawlings-Blake called the agreement “fair and equitable.”

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