The Honolulu City Council yesterday voted as expected to repeal the city's controversial condominium leasehold conversion law, with the majority saying that the decision came down to fairness... Repeal isn't official until Mayor Mufi Hannemann signs the bill, but he has indicated he will do so.
[...]
Supporters of repeal included small and large trusts — including Kamehameha Schools — arguing that the law unfairly took valuable land away from those who use the rents to benefit Hawaiian children.

The audience in the council chambers was dominated by supporters of repeal, many wearing T-shirts of support. Others carried signs that read "Ku I Ka Pono — Justice for Hawaiians."

After the vote, the crowd stood and sang a moving rendition of "Hawai'i Pono'i," now the state song and formerly the anthem of the nation of Hawai'i.
[...]
Thomas Kaulukukui, chairman of the board of the Lili'uokalani Trust, was among those pushing for repeal. He said his trust helps 10,000 children each year partly by using income from lease rents and other investments. He said those lands provide about 15 percent of the trust's income.