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    HI law allows state to sell government buildings

    HONOLULU (AP) — Hawaii government buildings may be sold to private investors and leased back to the state under a law signed by Gov. Neil Abercrombie this week.

    The measure is intended to make it easier to repair, renovate and maintain state facilities by putting the private sector in charge of improvements.

    Bill introducer Rep. Sharon Har says these types of public-private partnerships work in other states, and they will help the state upgrade its ailing infrastructure.

    The legislation allows the state to create a list of suitable facilities and enter into agreements with private investors to sell the buildings.

    The private investor would make improvements and lease the facility back to the state, which would retain ownership of the underlying land.

    The state would have the option to buy back the facility.

     

    6 comments

    • Baby Face  •  10 mths ago
      The Japanese or Chinamen will buy it without the village's idiot NAME oBAMA
    • Robert  •  10 mths ago
      Who wants to buy a broken down building without the land under it?
      • J 10 mths ago
        Japz.
    • Baby Face  •  10 mths ago
      Waikiki must of want their village idiots back from DC, too
    • NoWork  •  10 mths ago
      SOUNDS LIKE A BUNCH OF CORRUPTION TO ME.
    • over here in this line  •  10 mths ago
      This is as stupid as selling or leasing a major highway and installing tolls.
      The politician already has the money spent...its wrong in so many ways.
    • Krakabich  •  10 mths ago
      good, now maybe they can buy the one with the missing birth certificate...
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