Ka Wai Ola - Office of Hawaiian Affairs, Volume 26, Number 7, 1 July 2009 — DHHL signs lease for Hilo Safeway, Target [ARTICLE]

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DHHL signs lease for Hilo Safeway, Target

The state Department of Hawaiian See BRIEFS on page 28

BRIEFS Cūntinued fram page 15

Home Lands on lune 19 signed a lease with Safeway and Target for a new development near homesteads in Pana'ewa. The 60-year lease will generate more than $77 million in revenues for DHHL, whieh will help build eonununities for native Hawaiians. Construction will begin on the 15.5-acre site in January 2010, with Safeway expected to open in the first half of 201 1 and Target targeting July 2011. The stores will create hundreds of construction and permanent retail jobs, while infusing millions of dollars into the Hilo economy. Hilo's current Safeway store is at Prince Kūhiō Plaza, and a Target store in Kona is expected to open this month. Safeway said that no plans have been made as of yet with regard to the existing Safeway store, just a block away from the new site.