Quantcast

Tuesday, July 29, 2014         

 Print   Email   Comment | View 6 Comments   Most Popular   Save   Post   Retweet

Review: Honolulu has financial capacity for rail

By Associated Press

POSTED:
LAST UPDATED: 06:39 p.m. HST, Oct 04, 2012


A consulting company’s review says Honolulu has the financial capacity to build and operate a rail line from Kapolei to Ala Moana Center. 

Porter & Associates, Inc. prepared the report last month for the Federal Transit Administration. 

The report says Honolulu’s operating and capital financial plans for rail are based on reasonable assumptions regarding future costs and revenues. 

But the report cautions Honolulu’s general fund and highway fund expenses must grow at slower-than-historical rates in order for the city to be able to subsidize the rail line. 

The report says the city could withstand a 10 percent increase in the rail line’s cost and survive a lower growth rate for the general excise tax.

The Honolulu Authority for Rapid Transit issued a press release on the report today.






 Print   Email   Comment | View 6 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(6)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
honopic wrote:
BEE ESS. Who hired the consulting company and what are their qualifications? "Consult" with most of the people of Oahu and you will get a different result.
on October 4,2012 | 06:28PM
lee1957 wrote:
I'm glad Honolulu has the financial capacity for rail because I don't.
on October 4,2012 | 06:35PM
ejkorvette wrote:
YEAH, YIPPPEEEEE, YAHOOOOO, WOOOO HOOOOO, LUCKY YOU LIVE HAWAII. Hawaii will be a 3rd World State sooner than expected, Thanks to the INCOMPETENT, INEPT, CORRUPT, BUFFOONS IN POSITIONS OF AUTHORITY!!! LUCKY LUCKY YOU LIVE HAWAII!!
on October 4,2012 | 06:40PM
niimi wrote:
Conclusion: The Excise Tax increase will remain perpetual in order to pay for the grossly underutilized steal on steal rail system.
on October 4,2012 | 06:47PM
Maneki_Neko wrote:
Honolulu’s...... highway fund expenses must grow at slower-than-historical rates in order for the city to be able to subsidize the rail line. In other words the City will spend even less on keeping up roads and streets. Think the roads are 3rd world now.....wait until the City has to subsidize rail by stealing from the roads budget. We already saw what happened with the raid on the Bus funds!
on October 4,2012 | 07:12PM
Venus1 wrote:
I am supporting Kirk!! I believe he represents the future!!! Ben, while meaning well is the past!!!!! So obvious!!! Your children will thank you!!!!!!
on October 4,2012 | 10:38PM
IN OTHER NEWS
Breaking News