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OHA pursues plan to double revenue from Kakaako land

The agency is asking legislators to repeal a ban on residential projects in the area

By Andrew Gomes

POSTED: 01:30 a.m. HST, Feb 01, 2014

~~<p>Land in Kakaako owned by the state Office of Hawaiian Affairs could be worth more than twice as much with four or five condominium towers if the agency can persuade the Legislature to lift a ban on housing development in the area.</p>
<p>That's a conclusion in a strategic action plan commissioned by OHA as part of an effort to size up potential future value of the 30 acres it received two years ago in a settlement with the state that satisfied deferred ceded-land revenue payments.</p>
~~

Land in Kakaako owned by the state Office of Hawaiian Affairs could be worth more than twice as much with four or five condominium towers if the agency can persuade the Legislature to lift a ban on housing development in the area.

That's a conclusion in a strategic action plan commissioned by OHA as part of an effort to size up potential future value of the 30 acres it received two years ago in a settlement with the state that satisfied deferred ceded-land revenue payments. Login for more...



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