Trustees (government?) of highly valuable land owned by beneficiaries (Public?), who give away free use of it to enrich for-profit investors, at the beneficiaries expense, are legally liable for gross negligence, if not a felony crime
Why is this different?
And, given the State's recent shift of RAIL's bottomless money pit to the backs of Property Tax payers, it also seem fair to ask that future Star News concerning the financial success of this fortunate for-profit company also report who will pick up the cost of the  Property Tax lost by gifting away tax free use of such valuable land. Because any other for-profit venture would pay much in Property Tax to use such valuable land for profit
Then again no one accuses Hawaii's Political Class of prudence
Can't find $0.10 billion to A/C schools. But can find $12.00 billion for RAIL
Gifts 20% of Kapiolain's lanes to "1% ers"  w/ free time to lobby. 99% ers pay
So one more PC freebe for Tourist Industry seems ... well ... almost normal. No?