LTC may not be completely over.
From what I have heard, both MTH and Lionel want LTC to continue. The holdup is the licensing fee, what MTH is offering is not good enough for Lionel. Lionel and MTH could still come to terms and agree on a new licensing fee. This “final catalog” business may be a negotiating tactic by MTH, and another effort to get people to snap up unsold inventory.
Why would Lionel want LTC to end? Lionel takes no risk, and gets a fee for doing nothing. MTH takes all the risk and does all the work.
The future is uncertain, eat desert first.
I am very happy that I got what I wanted, before the end of LTC: