comscore State agency writes off $805,000 debt for unpaid rent | Honolulu Star-Advertiser
Top News

State agency writes off $805,000 debt for unpaid rent

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now

The Hawaii Community Development Authority wrote off an uncollectable $805,000 debt from a defunct local company earlier this month.

The debt was owed by Rosette Steel Hawaii LLC, which attempted to manufacture low-cost steel framing for affordable housing. The company rented a Kakaako warehouse from HCDA, a state agency, in 2005 and 2006.

Rosette shut down in 2006 after start-up financing fell through following a decision by the Legislature not to issue bonds to support the company.

HCDA’s board deferred action on the matter in July to allow a federal agency, which at one time had an interest in revenue from the warehouse, to review the debt issue.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up