Disputed internal DLNR analysis estimates state losing millions in lease extensions
By Rob Perez firstname.lastname@example.org
Nov. 19, 2018
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BRUCE ASATO / BASATO@STARADVERTISER.COM
The Department of Land and Natural Resources has been granting 10-year lease extensions to tenants of a Hilo industrial park, above, without seeking compensation for the state’s deferred interests in the buildings — a practice some have questioned. But the agency says state law does not require such compensation and that granting extensions results in tenants investing in substantial improvements on the property.