The owners of the fabled Grand Canyon Railway have accepted a buyout offer.

Xanterra Parks And Resorts will take over the assets of the railroad company — including the trains, rail routes, and an R-V park.The amount of the bid was not disclosed.

The Grand Canyon Railway was shuttered for nearly 20 years before Paradise Valley residents Max and Thelma Biegert reopened it in 1989.

In the early 1900s, it was the main mode of transportation to the Grand Canyon.

The Biegerts put the operation up for sale last year and announced a tentative deal with Xanterra in September.

The deal still requires approval from the National Park Service.

KVOA

Grand Canyon Railway: http://www.grandcanyonrailway.com

Xanterra Parks and Resorts: http://www.xanterra.com