Sounds a lot like what happened to the company that tried to run ferry service between the islands, the government supported the company and helped them start up, 2 years (and several lawsuits) later a judge shut them down because whatever law was passed by the government was against Hawaii's constitution.
In December 2008, environmental groups and the company returned to court for an appeal of the previous ruling. On March 16, 2009 the Hawaii Supreme Court ruled that allowing the Superferry to operate prior to completion of the environmental study was unconstitutional. The company immediately suspended service and laid off its 236 employees.
Hundreds of jobs and hundreds of millions of dollars of investment lost.... and probably hundreds of millions of future investments lost because investors won't invest in infrastructure when they have no assurance that when the government says "we need this, do it", that they really mean it.
I actually had tickets to ride the boat, but the company had already shut down before my trip.