HB 1744 Passes Another Hurdle,GGP Stock Rises,Hawaii’s Hotel Occupancy Remains Anemic,Suspending Little Davis-Bacon Act
2009 April 6
HB 1744 passed another hurdle today with the 12-0 vote in favor by the Senate Ways and Means Committee.This turn events is certainly not good for the counties and the citizens of Hawaii.
General Growth Properties shares rose 35% today on speculation that bond holders won’t force GGP into bankruptcy.
Hawaii’s hotel occupancy rates are still anemic.I firmly believe things won’t get better until the overall world economy gets back on its feet. The latter may take a couple years.
Lastly, there was a interesting WHT letter to the editor urging the suspension of Little Davis-Bacon Act wages on all publicly funded construction projects.
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