Mānoa lawmaker says $125 million expense was rejected by House last sessionHonolulu, Hawaiʻi – Rep. Dale T. Kobayashi has sent a letter to Governor David Ige urging him to reconsider his decision to provide State funds to pay a $125 million portion of the federal Ala Wai Flood Mitigation Project.
"As you know, during the 2019 legislative session the House rejected SB 77 which would have provided the city's share of funding," Kobayashi said in the letter. "This vote reflected the will of the chamber and of our respective constituencies to not provide state resources for this effort."
Earlier this week the City Council approved a resolution to move forward on the Ala Wai project after Mayor Caldwell expressed confidence the State would come up with the approximately $125 million match, via the issuance of Certificates of Participation.
Robert Yu, Deputy Director of the State Department of Budget & Finance, confirmed that the funding is already in the works, bond counsel has been hired, and the State is soliciting bids for the underwriting.
The federal and local government would share the $345 million project cost on a 65-to-35 percent basis. The controversial project is aimed at controlling flooding in the Ala Wai watershed.