Shame on the Ulupono Initiative - this financing scheme assumes there is some public good or need for this project - and there is neither.  Rail is not green and will never be - rail is not fast - rail is not high capacity.  TODs do not need rail.  Low cost housing as part of the TOD package does not need rail.  Each person on Oahu is paying $200.00 per year per person for this project.  The mayor wants us to pay this tax ($800.00 per family of four per year) forever.  There is no ridership plan for rail - the city has admitted it only has estimates.  There is no basis for these estimates - therefore moving these estimates to the world of "Guesstimates".  Asking a mainland financing think tank to comment on rail is like asking an A/C contractor to comment on education.