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Hawaii News

Short-term bonds to help fund rail

  • DENNIS ODA / DODA@STARADVERTISER.COM

    Mayor Kirk Caldwell said Monday his administration will use proceeds from selling short-term commercial paper to supply $44 million for the rail project. The rail support structure being built over Kamehameha Highway between the Arizona Memorial and Aloha Stadium as of Oct. 18.

  • STAR-ADVERTISER

    Trevor Ozawa:

    He was one of two members who voted against the authorization bill

  • STAR-ADVERTISER

    “We’re so close to this deadline, we don’t want to jeopardize (the situation) and miss it, so we’re taking probably the safest route, the least painful route, probably the most fiscally prudent route to get the $44 million over to HART by Nov. 20.”

    Kirk Caldwell

    Honolulu mayor

Honolulu Mayor Kirk Caldwell said Monday that his administration will use proceeds from the sale of short-term commercial paper to supply the city’s beleaguered $8 billion-plus rail project with $44 million to show “skin in the game” being required by federal transit officials and the state Legislature. Read more

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