Wednesday, July 30, 2014         

 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

Turtle Bay land preservation bill signed

By Star-Advertiser staff


Gov. Neil Abercrombie signed a bill Monday to preserve 665 acres of Turtle Bay Resort from future development through an easement costing the state $40 million.

Act 81 authorizes the Hawaii Tourism Authority to issue $40 million in revenue bonds to pay the owner of the resort for the easement that prohibits development and ensures public assess to a network of trails in perpetuity.

The city is chipping in $5 million, while The Trust for Public Land is raising $3.5 million to pay for the $48.5 million easement.

The act takes effect July 1, though the state still needs to arrange the bond financing, negotiate detailed terms of the easement and other work before the purchase is made. No timetable for the purchase is being estimated by the state.

 Print   Email   Comment | View 2 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
iwanaknow wrote:
I'am waiting for the Law of Unintended Consequences to kick in.
on May 19,2014 | 02:30PM
AlohaKakou wrote:
on May 19,2014 | 03:26PM
Breaking News