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In page Parsons, Kansas:

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The sale of Katy Industries to Union Pacific, in 1988, eventually saw the loss of scores of railroad jobs and, in effect, severed a major part of Parsons' city history which stretched back to its 1871 incorporation. While, in return, the city received a million dollars to help it recover (and so that it would not file lengthy paperwork opposing the sale and thus delaying it), that money is kept in a fund by the city government, which uses the accrued interest on economic development projects. The only reminder of the Katy Railroad is now found in the local historical society's museum, the annual Katy Days Festival[1] and of course the tracks, over which trains now speed through Parsons. The Kansas Army Ammunition Plant also was down scaled in the 1980s.[citation needed]