The city has spent several years and millions of dollars fighting the developer in court over land for rail. Now, the transit system might not reach the Hughes Kakaako properties.
Commercial property values have spiked along the rail line since the tax to build the project went into effect. But rail didn’t create that new value, local analysts say.
Landowners got lucrative zoning perks and fast-track approvals to build luxury towers in the busy neighborhood all based on rail. Did they give enough back in return?