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State and Turtle Bay Resort agree on land preservation

By Andrew Gomes

POSTED:
LAST UPDATED: 03:36 p.m. HST, Apr 17, 2014


The owner of Turtle Bay Resort has agreed to sell some of its development rights to the state for $48.5 million in a deal that will preserve 665.8 acres of undeveloped land at the North Shore property.

The agreement was announced today by Gov. Neil Abercrombie, and culminated a long community effort to limit expansion of the resort previously approved for development of up to 3,500 hotel and condominium units.

Under the agreement, the state agreed to pay $40 million for what is called a conservation easement that preserves the land in perpetuity. The city will provide $5 million, and the Trust for Public Land will chip in $3.5 million.

Turtle Bay will retain about 150 acres fronting the ocean on either side of the resort's existing hotel for development of two additional hotels with a combined 625 rooms and 100 homes.

Completing the easement purchase is subject to the Legislature providing the state's share of the deal, which would be in the form of general obligation bonds. The City Council previously appropriated its share, which Mayor Kirk Caldwell said he will release.







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defendoahu wrote:
Thatʻs Sharkʻs Cove in the photo.
on April 17,2014 | 03:02PM
defendoahu wrote:
Thatʻs a better photo.........
on April 17,2014 | 03:41PM
Mythman wrote:
The Canadians and the North Shore sixties drug hui wins - who loses?
on April 17,2014 | 03:48PM
mikaele1 wrote:
This is a huge win for all of Hawaii. This is a strategic part of the North Shores magnificent coast line that now will be preserved, and main thing, prevent a bunch of hotels and vertical infrastructure that would keep people from this coast line. Thanks Governor Abercrombie, Mayor Caldwell, and the hard work of the Trust for Public Land that stitched the deal together.
on April 17,2014 | 04:17PM
Maneki_Neko wrote:
Pretty good deal except for two additional hotels with a combined 625 rooms and 100 homes.
on April 17,2014 | 04:24PM
bandwagon wrote:
What Turtle Bay has retained in development rights is a fraction of the approved 3,500 that was originally in place. This is a win win for keeping Hawaii green.
on April 17,2014 | 04:42PM
Maneki_Neko wrote:
I think you're probably right on this. I'd of course prefer not having the hotels and houses - build in Kaka'ako - but realistically speaking some compromise had to happen and this is likely as good a deal as could be extracted without endless litigation.
on April 17,2014 | 05:45PM
opihi123 wrote:
this area never should have been approved for additional hotels in the first place... shame on the greedy people who bussed in the supporters to the meetings and pressed for developement .. hope you can sleep at night..
on April 17,2014 | 04:44PM
Wazdat wrote:
Great news. Time to start preserving the AINA for the residents and keiki..
on April 17,2014 | 05:20PM
yhls wrote:
This is the only good thing Abercrombie has done. But, in retrospect, Kakaako for Northshore?
on April 17,2014 | 09:05PM
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