Mike Oakland

If the department had agreed to the land swap, the company would have sold the Hilo land to Mike Oakland, the president of the Hawai'i Motorsports Center, who would have completed the transaction with the state.
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But the commission found that his explanation "did not square" with Oakland's public testimony about the land or Chang's proposal to the department.

Hawaii Raceway Park, located on the island of Oahu, closed in April after Mike Oakland, president of the Hawaii Motorsports Center, lease extension expired.

Mike Oakland, president of Hawaii Motorsports Center, which operates the raceway, said a new facility is needed because the track's current lease expires in April 2006.

"The racetrack is closing," Oakland said."If we don't get this thing done, what's going to happen is you're going to have three new racetracks -- they're called H-1, H-2 and H-3."

Oakland noted that investors would only be able to claim the tax credit after five years and would only be able to claim an amount equal to the amount of new tax revenues that are generated by the new facility.

'We have to prove that we're generating new money before we get a credit," Oakland said.

Versions of the bill in the House and Senate have advanced and next face hearings before each chamber's money committee.

[IMG] - Hawaii Motorsports Center to close April 2006. A Letter From Mike Oakland regarding the future of HMC, and what you can do to help!!! [IMG]Race Events Hawaii - A Letter from Mike Oakland
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A Letter from Mike Oakland
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Michael T. OaklandHawaii Motorsports CenterHawaii MotorSports Center

These concerns came into focus last week, when the state House was poised to pass a tax break for Mike Oakland, president of Hawaii Motorsports Complex, so he could build a new racetrack.In the process of buying the land for the new track, Oakland needed to swap a parcel of land with the state's Hawaiian Home Lands Department.
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Oakland is the father-in-law of Sen.

Michael T. Oakland Hawaii Motorsports Center
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From: Michael T. Oakland [mailto:pomaikai@lava.net]
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Mike Oakland Hawaii motorsports Center