Panos Prevedouros Files for Mayor Thursday, July 29th at 9 am.

For Immediate Release
Contact: Peter Kay Campaign Chair & Spokesman, peter@panosforprogress.com , 312-436-1941 / Learn more at www.FixOahu.Com
Panos is available for comment following the filing.

TOMORROW AT CITY HALL 9 am
University of Hawaii Engineering Professor Panos Prevedouros to file for office of Mayor
Will stop the $6 billion rail project, cut taxes, bring real traffic relief, address the homeless, and fix our sewer systems.

Honolulu, Hawaii- July 28, 2010- Panos Prevedouros, the only candidate who will stop the $6 billion rail project when elected, will file for the office of Mayor at Honolulu Hale at 9 am on July 29, 2010. Panos supporters will sign wave on the corners of Beretania & Punchbowl and King and Bishop from 6:30 - 8:30 am in support of Panos’ candidacy for mayor.

“This race is about who will manage taxpayer’s money better,” says Prevedouros. “The current city administration has already doubled property taxes since 2004 despite only 21 percent of it justified by increases in population and inflation and sewer fees went up 106% during this time.”

Prevedouros explains that since the referendum, the projected cost of the elevated railway has increased by a billion dollars. In addition, the City has had to settle with the EPA on a $7.2 billion (allowing interest and inflation) as a legal commitment for a sewer upgrade program.

“Where’s all this money supposed to come from? We cannot go on bleeding our taxpayers dry like this,” says Prevedouros. “Oahu needs a Mayor who will put practical financing and engineering before politics.”

PANOS PREVEDOUROS FOR MAYOR
Oahu needs an engineer to solve our problems, not more of the same from politicians who have left our city in a complete mess. Panos will stop the $6 billion Rail project, cut taxes, bring real traffic relief, address the homeless, and fix our sewer systems. This is a winner take all election. What does this mean? Whoever gets the MOST votes for Mayor wins. THERE ARE 5 CANDIDATES. 4 POLITICIANS are pro rail and they’ll split the pro rail vote 4 WAYS. Panos is anti rail. If Panos gets all the anti rail votes HE WINS.

Panos will win. This is a winner takes all race. The voters are split 50/50 on rail spending and Panos is opposed to spending on rail while the other four favor spending. Do the math. He can win this with just 70 percent of the anti-rail vote. At the moment, Carlisle says that he leads Panos. Those familiar with that poll say it was, 39 to 32, with nearly two months to go. However, Carlisle does not understand the cost of infrastructure and government. At a recent debate in Waipahu, he spoke about fiscal restraints and five minutes later he suggested a $30 billion rail transit system over the Koolaus, out to Waianae and out to Hawaii Kai. What kind of fiscal restraint is that?

Caldwell is an extension of Mufi (same old, same old) and Dela Cruz is a traditional tax-and-spend politician.

Panos is a professor in the Department of Civil and Environmental Engineering at the University of Hawaii. He is a transportation and systems engineer by training. Honolulu Mayor Johnny Wilson was a roads engineer and served very successfully as Honolulu mayor for 19 years. In those days the infrastructure was taken care of properly.

Panos says about his background: “Engineers make great professionals and managers, particularly when they understand about city operations, business, economy and social issues. Over 20% of fortune 500 CEOs are engineers. I work closely with Attiki Odos, one of the finest road construction companies in the world, using Public Private Partnerships.

"Both Mom and Dad were self made entrepreneurs, one in the wholesale baking goods business and the other retailing sporting goods. I am a product of small and large business people.

"I intimately understand what it means to own a business. As a college student I was helping dad with the books and mom with deliveries and inventorying. I know what it means to borrow large sums and then to pay it back, make payroll and leave something over. I know what it means to manage money and ensure that taxpayers get the most bang for their bucks.

"I know what it means to be in a discretionary product business like confections or sporting goods and get hit by recession. That leads to lower sales and extra taxation. I know what it is like to have my father and our extended family driving the delivery vans ourselves because business was so bad.

"Successful businesses, rational taxation and good government services are at the core of community well being. What can the right mayor do? Set the right priorities for projects, services and spending.”

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