It’s hard to put a positive spin on a $700 million shortfall, but Honolulu Mayor Kirk Caldwell and top officials from the Honolulu Authority for Rapid Transportation sure tried when publicly announcing the bad news that now hangs over the city’s $5.2 billion rail project.
On Dec. 18, HART Executive Director and CEO Dan Grabauskas told his board of directors that the project was expected to come in well over budget based on negative projections for tax revenue, higher-than-expected construction bids and a series of delay claims caused by lawsuits and
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