The Bratton Team

In effort to raise necessary funds to renovate and update the state of Hawaii’s office buildings and commercial real estate some buildings could be sold. Below is a link to the article describing the idea.

http://www.staradvertiser.com/business/20110724_State_may_sell_buildings_then_pay_developers_rent.html

Renovating or replacing some state buildings that aren’t being maintained well because of constrained state finances could become a job for private developers under a new Hawaii law.
The law allows the state Department of Accounting and General Services to sell buildings under its ownership to developers with an agreement by which the developer pays for upgrades and the state pays to rent the improved facilities.

Leave a Reply

Your email address will not be published. Required fields are marked *