The United States government has ordered the Defense Department to significantly reduce their overall budget, so it was no surprise that Hawaii's military bases were affected when the 2015 budget request was released by the Defense Department. Under the proposal, the Marine Corp Base Hawaii would hold off on building a headquarters/operations center, a bachelor enlisted quarters, upgrading the airfield electrical systems, and improving the Osprey landing zone for 2015, which equates to $238 million in construction projects. The Space Surveillance System on Maui also had its budget cut from $26.3 million to $14 million and improvements requested for Saddle Road on the Big Island of Hawaii was postponed.
The entire Defense Department will be going through a 10-year, $487 billion cut in spending, which started in the 2012 fiscal year.
Source: Honolulu Star Advertiser, 3-17-2014, 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
