In the wake of the Milwaukee Road's 1980 bankruptcy, Tacoma lumberman Tom Murray, Jr., sought to open a portion of the line to tourists. MRSR was then created by Tom Murray to operate historic equipment stored in Tacoma. The Weyerhaeuser Corporation allowed the MRSR to operate its equipment on a seven-mile segment of the line from Elbe to Mineral. Weyerhaeuser maintained control of the track until 1998 when the corporation transferred control of all of its rail interests to the City of Tacoma, into what is now known as Tacoma Rail. This transfer of ownership did not affect the MRSR and its tourist operations, nor the availability of the route to commercial shipment. In mid 2016, due to decline and poor management, MRSR was sold to American Heritage Railways, which also owns the world renowned Durango & Silverton Narrow Gauge Railroad, rebranding the MRSR as the Mount Rainier Railroad and Logging Museum.