President's Budget Includes $250M for Rail
President Obama's fiscal year 2015 Department of Transportation budget includes $250 million for the Honolulu rail transit project. The $250 million is part of the federal Full Funding Grant Agreement that ensures the project will receive a total of $1.55 billion in federal funds over the next several years.
HART executive director and CEO Dan Grabauskas says news represents another step forward for the community. "This moves us that much closer to delivering this project to our community and providing our residents and visitors with relief from some of the worst traffic in the nation," Grabauskas says.
The funds would be in addition to the $250 million appropriated for fiscal year 2014. Both installments would be added to the $556 million in federal New Starts transit funds received by the rail project.
Clean Energy Comes to Port of Honolulu
Young Brothers and Sandia National Laboratories will bring clean energy to the Port of Honolulu in 2015. A portable hydrogen fuel cell unit will provide auxiliary power to docked or anchored ships for six months following the completion of a new fuel cell technology demonstration, which could lead to commercial technology for ports worldwide. The portable, self-contained hydrogen fuel cell unit, expected to lower emissions and reduce energy consumption, can float on a barge, sit on a dock or be transported to wherever it is needed to provide electrical power.
New Subdivision Planned Near Honolulu
A local hui of investors is developing Kapiwai, a community of 24 luxury homes in Honolulu's Pauoa Valley. With an average asking price of $1.6 million each, the project will include open space and a nonprofit component focusing on sustainability.
Barry Sullivan, a partner with Bickerton Lee Dang Sullivan Meheula, is working with the newly formed Schatz Clifford LLC sustainable development firm on the new 15-acre development. Schatz Clifford LLC is headed by Linda Schatz, a former development manager for Kamehameha Schools, and Janine Clifford, president of Honolulu-based Clifford Planning & Architecture. Sullivan, the managing member of Pauoa Valley Preserve LLC, the owner and developer of the project, said the property is zoned for 137 units. Kauai-based Unlimited Construction is the general contractor.