Ka Wai Ola - Office of Hawaiian Affairs, Volume 28, Number 4, 1 April 2011 — Ka Makana Aliʻi lease means revenue for DHHL [ARTICLE]

Ka Makana Aliʻi lease means revenue for DHHL

On March 22, the Hawaiian Homes Commission approved a lease allowing Hawai'i DeBartolo LLC to develop 67 acres for the Ka Makana Ali'i Center in Kapolei. DeBartolo will pay DHHL more than $140 million in rent over 65 years for use of the land. "Moving this general lease forward will mean another source of funding to hnanee homesteading opportunities for our native Hawaiian beneficiaries well into the future," said Albert "Alapaki" Nahale-a, the Hawaiian Homes Commission Chairman. "We also see this project as an important and much-needed eeonomie boost for the region and the state during a time when many continue to suffer eeonomie hardships." The Ka Makana Ali'i Center will include a major department store, entertainment complex, restaurants, two hotels, low-rise office buildings, a pedestrian plaza, underground parking, a specialty market, drug stores and convenient shops. "As a longtime resident of West O'ahu, it's exciting when a proj-

ect comes to our community that improves our quality of life," said Maeda Timson, Kapolei Neighborhood Board Chair. "Ka Makana Ali'i is such a project offering a complete shopping experience, job opportunities and a plaee for eommunity to gather." Hawai'i DeBartolo has selected Nordic PCL as the general contractor for the project, with projected construction costs exceeding $400 million and taking plaee over the next four years and creating about 21,000 construction jobs.