Honolulu

HART: Howard Hughes To Seek $200 Million In Rail Condemnation Suit – Honolulu, Hawaii

Honolulu, Hawaii 2021-10-12 04:58:17 –

One of Kakaako’s most prominent developers will claim more than $ 200 million in damages from city taxpayers for the assets needed for future railroads, according to a new document released by the Honolulu Rapid Transport Authority. ..

HART’s board of directors is ready to approve an additional $ 7 million in attorneys’ fees for a land expropriation proceeding against Howard Hughes Corporation and its Texas-based local subsidiary Victoria Ward on Thursday.

The new sum of these fees will exceed $ 23 million with board approval. Initially, the HART Board approved only $ 4.6 million for legal effort. According to the slide presentation Preparing for the board of directors on Thursday.

The railroad guideway runs near Elliott Street and Honolulu Airport. According to HART, Howard Hughes Corporation will claim $ 200 million in damages required for the route on a 2.2-acre site in Kakaako. Corey Lamb / Civil Beat

Attorney fees have more than quadrupled, benefiting Howard Hughes from two of the city’s leading law firms. Stern Otour Marcus & Fisher And Nossaman, LLP.

Among the directors of the first company are Doug Chin, a former Lieutenant Governor and Attorney General of Hawaii, and Ivan Louis Kwan, a former chairman of the Volunteer HART Board. (Nossaman does not list Hawaii offices On that website.. )

Prosecution proceedings Centered on 2 acres of land Required along the route between Cook Street and Kamake Street. The city and Howard Hughes have been stuck for years beyond their value.

The city had previously provided Howard Hughes with approximately $ 13.5 million for Kakaako’s land needed for the railroad. But at some point, Howard Hughes suggested that the required area was worth about $ 100 million more than the city’s proposal, according to federal surveillance reports. A slide presentation prepared on Thursday suggests that developers now want much more.

In 2020, City deadlock with Howard HughesThe biggest real estate dollar risk in a (railway) project.. The issue is currently due for trial in May.



HART: Howard Hughes To Seek $200 Million In Rail Condemnation Suit Source link HART: Howard Hughes To Seek $200 Million In Rail Condemnation Suit

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