10-29-2007, 06:30 AM
I personally could only envision light rail in Puna when the district approaches full build out which would then provide the necessary population density. I see a window of 15-30 years depending on world events.
By acquiring the rail right-of-way now and making it part of a current parkway development the costs in the future could be cut drastically.
It's kind of like buying real estate and holding it for 30 years as an investment in the future. At the present there are about 12 developed properties on the route. It will be much more costly when there are 200. Acquire the land NOW.
At the moment there is light rail discussion for Honolulu at around $200 million a mile. It's not the price of steel rail that drives it up, its the price of the developed real estate.
By acquiring the rail right-of-way now and making it part of a current parkway development the costs in the future could be cut drastically.
It's kind of like buying real estate and holding it for 30 years as an investment in the future. At the present there are about 12 developed properties on the route. It will be much more costly when there are 200. Acquire the land NOW.
At the moment there is light rail discussion for Honolulu at around $200 million a mile. It's not the price of steel rail that drives it up, its the price of the developed real estate.
Assume the best and ask questions.
Punaweb moderator
Punaweb moderator