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Thursday, September 12, 2013

Construction To Resume for Honolulu Rail Project

The Honolulu City Council has given their approval to resume construction of the Honolulu Rail Project after more than a year of delays.  Permits have been issued for construction crews to erect concrete columns in East Kapolei, and the areas under the maintenance and storage facility in Waipahu will be regraded.  Executive Director for the Honolulu Authority for Rapid Transportation, Dan Grabauskas, stated that he is very happy about the City Council's approval.  Grabauskas had previously stated that the city is losing about $200,000 per day while construction has been halted.  In total, Grabauskas estimated that the city has lost between $30 million to $35 million since construction was halted in 2012.

Source: Honolulu Star Advertiser, 9-12-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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