Hanabusa led the drive to get lawmakers to approve the Ko Olina tax credit in 2002 and 2003, but the bill was written so that only developer Jeff Stone could benefit from it. Less than a month after the $75 million tax credit was approved, Stone sold a luxury Ko Olina townhouse to Hanabusa's then-fiance Souza. One of Stone's companies financed the sale by lending Souza $405,773 for the purchase.
Souza, who is now Hanabusa's husband and campaign chairman, bought the Kai Lani townhouse for $569,023 in mid-2003 and sold it for $990,000 in Jan. 2004. Hanabusa noted that Stone claimed only $3.45 million of the $75 million tax credit, and said there "has never been any wrongdoing found" in connection with the tax credit.
The NDAA, as it's commonly referred, sets the spending priorities for the U.S. military and is of critical importance to Hawaii as the state is a major hub of defense activity. In a previous interview with Civil Beat, Hanabusa described the NDAA as the "roadmap" for the military.
She also played up its importance to the state. "Without it you can't get the money that you ultimately want to come into Hawaii," she said.
In 2014, when Hanabusa was running for the Senate against Schatz she boasted of securing hundreds of millions of dollars for the state through the NDAA, and said in interviews that she wanted to use military spending to generate more jobs on the islands.
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The above quotations are from 2018 Hawaii Gubernatorial race: debates and news coverage.
Click here for other excerpts from 2018 Hawaii Gubernatorial race: debates and news coverage. Click here for other excerpts by Colleen Hanabusa. Click here for other excerpts by other Governors.
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