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Land can still raise UH funds


POSTED: 01:30 a.m. HST, Oct 21, 2013

~~<p>Land deals often go sour, especially in a still-recovering economy, so a financing scheme for building a new university that is based on land deals is sure to be tumultuous. But in an environment where the University of Hawaii struggles system-wide to underwrite its many facility needs, such private alternatives to taxpayer financing must not be discarded lightly.</p>
<p>Given the shifting financial landscape and its effects in the Kapolei region, it wasn't surprising that a multimillion-dollar sale of property surrounding the fledgling University of Hawaii-West Oahu campus has fallen through. A letter of intent to sell 39 acres to the Catholic Church, which had envisioned a church and private school on the land, expired earlier this month.</p>
~~

Land deals often go sour, especially in a still-recovering economy, so a financing scheme for building a new university that is based on land deals is sure to be tumultuous. But in an environment where the University of Hawaii struggles system-wide to underwrite its many facility needs, such private alternatives to taxpayer financing must not be discarded lightly.

Given the shifting financial landscape and its effects in the Kapolei region, it wasn't surprising that a multimillion-dollar sale of property surrounding the fledgling University of Hawaii-West Oahu campus has fallen through. A letter of intent to sell 39 acres to the Catholic Church, which had envisioned a church and private school on the land, expired earlier this month. Login for more...



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