Airports Quote by Neil Abercrombie
“A good portion of the airport is on ceded lands, and lease money was paid for that. So the state's collecting lease money because all of a sudden "worthless" land now has an airport on it.”
About This Quote
Source Speech: Public Policy Remarks, Hawaii, 2015
Leased land becomes valuable when developed, allowing the state to collect revenue from what was once considered worthless.
In simple terms: Development turns unused land into revenue sources.
Key Takeaway
Recognize hidden value in underused assets.
Themes
economics
public policy
land use
Mood
analytical
pragmatic
Type
policy
economic
When to use this quote
- real estate investment
- government budgeting
- infrastructure projects
Key Concepts
property rights
taxation
urban development
Questions to Reflect On
- How can governments identify undervalued assets?
- What risks arise from leasing public land?
A Different Perspective
Revenue depends on development, not just ownership.
