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Investing in Real Estate

Light Rail Transit on Oahu: Real Estate Investment Opportunity or Urban Blight?

It’s probably the hot topic in Hawaii today. You hear conversations all over town beginning with, “what do you think about rail?” This article won’t get into the debate about whether you’re for or against. The bottom line is that the City & County of Honolulu broke ground for the Honolulu Rail Transit (HART) project in February. The ceremonial groundbreaking and blessing was held on Kualakai Parkway in East Kapolei, near the site of the first of 21 rail stations planned for the 20-mile elevated route. There are pending lawsuits to stop the project, but at this point, all systems are go — so the question is:

 If rail transit becomes a reality, what will be its effect be on Hawaii real estate?

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