Broe’s OmniTrax to buy Colorado railroad out of bankruptcy

This article first appeared on BusinessDen.com, a BizWest news partner.

Pat Broe’s railroad company wants to add 150 miles to its footprint.

OmniTrax, which is part of the Denver-based The Broe Group — which Broe founded in 1972 — announced Wednesday that it has agreed to buy a railroad in south-central Colorado that was forced into bankruptcy three years ago.

The short-line San Luis & Rio Grande Railroad runs across five counties. It sends cargo, and previously sent tourists, through Alamosa and over the Sangre de Cristo Mountains at La Veta Pass, 9,200 feet above sea level.

While it…