The Mayor's office felt that by allow advertising on the sides of buses, it would generate as much as $8 million per year in revenue. The money was slated to go back to improving bus services and adding routes. Michael Formby, the director of the city's Department of Transportation Services, commented, "Advertising, as a sustainable revenue source, was a means to the end. The key to me is that this is a sustainable revenue source, meaning if it's $6 million the first year, over 10 years that's $60 million."
Source: Honolulu Star Advertiser, 1-18-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com