Pacific Business News - June 25, 2010
The defunct Hawai`i Superferry will pay the state of Hawai`i about $676,000 under a settlement reached recently in bankruptcy court, about half of what is owed in rent and other fees.
But not included in the settlement is the nearly $40 million in harbor improvements that the state made to accommodate the Superferry.
The outstanding balance on the $40 million that was appropriated from general obligation bonds is $39.7 million and that will be paid by users of Hawai`i’s harbors, said Brennon Morioka, director of the state Department of Transportation....
