Belfast & Moosehead Lake Railroad Preservation Society has sold off the last of its remaining assets in the former Belfast-to-Burnham rail line, including locomotives, passenger cars and the Unity train station property.

According to a press release from the group, the rolling stock was sold in November 2010 to Rail Events Inc., a subsidiary of The Great Smoky Mountains Railroad. The roughly one dozen pieces will be moved to Bryson City, N.C., for maintenance in anticipation of future use in excursion trains.

The four-acre property, located north of Depot Street in Unity, was sold to REL Development of South China in December 2010, according to the press release, which named Robert LaMontagne, the former president of Unity Property Management, as a principal in the company.

The train station and rolling stock were acquired by Unity Foundation founder Bert Clifford and a group of investors in 1995 and were operated for a short period as an excursion train and museum. The press release stated the nonprofit never generated enough revenue to break even and closed in early 2008, after which some of the railroad assets were sold to various groups.

According to Unity Foundation CEO and BMLRRPS member Larry Sterrs, the railroad was left to the foundation when Clifford died in 2001. Sterrs said the railroad holdings were later sold to a New York company that ultimately defaulted on the deal. Subsequently, an employee of Unity Property Management — a land holdings subsidiary of Unity Foundation — started the preservation society as a nonprofit, in part to be eligible to apply for grants and potentially use volunteer labor.

LaMontagne, who did not immediately respond to a request for comment, left UPM in December 2010 and Sterrs said there are no plans to replace him. UPM will remain in existence, but has very few remaining holdings, he said.

“That’s it. We’re done,” he said. “We’re out of the railroad business. Again.”

Brooks Preservation Society, an unaffiliated organization that owns several pieces of old B&ML stock, has been running excursion rail service on portions of the track in recent years and will continue to do so, according to Russell Barber, a member of the organization.

Barber said the pieces of rolling stock sold off by BMLRRPS didn’t fit with the vision BPS has for the railroad and the future of the organization’s excursion service, in part because they were manufactured in Sweden.

“The main thing is it’s of a style that we didn’t use in the United States,” he said.

BPS currently operates two diesel locomotives, three passenger cars, an open-air car and a caboose. Barber said the group wants its excursion trains to have a feeling typical of passenger rail service in the mid-twentieth century.

The Swedish-made cars, which Barber said date from the early 1900s, are currently still in Unity. According to the press release from BMLRRPS, they are to be shipped to North Carolina by July.