[3] There were considerable delays in the construction of the line, however, and the local holders of the charter made the decision to sell the company to an American consortium.

The American consortium appointed a single man, Thomas M. Burt of Boston, as simultaneously president, treasurer, and manager of the railway while he supervised construction.

The railway operated out of a car barn and stables at the north end of the line at Cedar Street in Waterloo.

The company had little ability to finance electrification, which took over two years to complete, from March 1893 to May 1895, and also involved bonding the rails and reballasting the track.

Though the tracks were largely removed in the 1950s, some physical remnants of the streetcar line survived until the 2010s, when wooden ties were discovered during excavations on King Street to prepare for the construction of the ION light rail system.