Saturday, September 23, 2023
Hawai'i Free Press

Current Articles | Archives

Saturday, December 4, 2010
Panos on Rail Analysis Report: Carlisle doesn’t know what he is talking about
By News Release @ 2:28 PM :: 6923 Views :: Maui County, Education K-12, Energy, Environment

by Panos Prevedouros

I was just informed that Honolulu Mayor Peter Carlisle used strong language against IMG and Thomas Rubin, preparers of the State’s Rail Fiscal Analysis Report, and that he alleged that I helped the governor’s consultants with the report. This is consistent with Peter Carlisle not knowing what he is talking about.

For the record, I was interviewed one time by the IMG Team in Honolulu in October this year and next day I sent them the following information:

  • Memo by Bainum and Djou to FTA
  • Memo of concerns raised by Cachola
  • Sean Hao article in Honolulu Advertiser about Hawaii’s infrastructure liability of $32 Billion excluding rail.
  • PDF file of Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007
  • Web address of my blog: 
  • George Berish’s analysis of state/city pension fund

My total time expenditure and input on the subject report was about one (1) hour.

  *   *   *   *   *

A quick few excerpts from the Governor's transit report:


The report the Governor commissioned on the Rail Transit Project was performed by IMG, CB Richard Ellis and Tom Rubin. IMG and CB Richard Ellis are highly reputable national firms. Rubin's qualifications are also impressive (see below). The fact that he comes to the conclusion that buses are generally preferable to rail does not disqualify him. FTA Administrator Rogoff said much the same thing a few months ago. See the video of his speech on this issue at the May 22 post at

Rubin has Bachelors and Masters in Business Administration (BSBA, MBA), Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Management Consultant (CMC), Certified Internal Auditor (CIA), Certified Government Financial Manager (CGFM ), Certified in Financial Management (CFM), Chief Financial Officer, Alameda-Contra Costa Transit District, Oakland, CA, 1995-1996 Chief Financial Officer, Southern California Rapid Transit District (now Los Angeles County Metropolitan Transportation Authority), Los Angeles, CA, 1989-1994 Partner, Founder and Director, National Transit Industry Practice, Deloitte Haskins & Sells (now Deloitte & Touche, LLP), San Francisco and Washington, DC, 1974-1989

We mention these qualifications because the authorities will as usual want to vilify the messenger rather than address the message. The message is quite devastating and in some ways worse than what we have been saying. For example, they put the likely take for GE Tax collections, which the City has at $3.5 billion, at $2.7 billion, or $800 million less. Our latest assessment was $3.2 billion. However if you read the full report you will find it difficult to fault their logic. If you don't have time for the Report try our Quick Notes

Governor's transit report available here: The Analysis and Evaluation of Honolulu's Proposed Rail Transit Project — Final Report.




TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Back da Blue Hawaii

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii