Accessed on 27 November 2018, 0456 UTC, Post 18026.
“Hawaii Business Magazine”, 26 November 2018, published in Honolulu, Hawaii.
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Comment: Here are today’s top Hawaii Island news stories from “Hawaii Business Magazine.” Views expressed in this Hawaii news summary are those of the reporters and correspondents.
County seeks flexibility using GET funds
Hawaii County officials plan to ask lawmakers for more flexibility in how it can use its general excise tax surcharge. Roy Takemoto, an executive assistant to Mayor Harry Kim, said the county would like to be able to also use the revenue for other needs, including disaster response and recovery following the Kilauea eruption. Tribune-Herald.
Insurer to payout for lava damages
Lloyd’s of London has agreed to pay policyholders whose claims were denied following the Kilauea eruption, according to an attorney suing the company. Kona attorney Jeff Foster said the payments will be made to those who experienced a total loss and were denied because of controversial “lava exclusion” language. Tribune-Herald.
Mass transit recovery ongoing
Brenda Carreira, the third Mass Transit administrator this year, assured a County Council panel earlier this week she’s taken the first steps to pull the beleaguered agency back together. West Hawaii Today.
$100M credit on the line for Hu Honua to provide energy by year’s end
Dec. 31 is the deadline for Hu Honua Bioenergy to qualify for a federal tax credit of “upwards of $100 million,” company President Warren Lee said. That windfall would underwrite a big portion of the $260 million cost estimate Hu Honua gave before legal disputes and flooding delayed an expected 2017 completion. Civil Beat.
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