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Thursday, January 26, 2012

Honolulu Rail Project - City has Spent $1.87 Million on Legal Fees for Rail Project

According to a report released by the City Council, the city of Honolulu has already spent $1.87 million on legal fees related to the rail project.  The city has hired a total of seven private law firms, and has just asked the City Council to approve an additional $400,000 in new anticipated legal costs.  The Honolulu Authority for Rapid Transportation (HART) released a statement that said, "While we are conscientious about all expenses incurred, please note that the $1.87 million spent to date on legal contracts make up less than 1⁄2 percent of all (general excise tax) revenue spent on the project."

Source: Honolulu Star Advertiser, 1-26-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
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