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Yet another survey — this time from the San Francisco-based rental marketplace Apartment List — shows Hawaii at the top of the home rental cost scale.
Nothing new in the “Red vs. Blue States” report except the political part. It turns out that liberal-leaning, “blue” states tend to have higher rents. That may not be surprising, given that dense population centers, where units are often in demand, also have leftish leanings. Democratic Party-dominated Hawaii is among them.
The median rent here was $1,448 in 2014, or 55 percent more than the national average, according to the report.
Turtle Bay now can tout certainty
Now the owners of Turtle Bay Resort really have something that is sure to command a pretty penny: a share in a development that’s cleared decades of regulatory uncertainty.
The consortium is looking to sell a stake in the property as part of a plan to develop more hotel rooms and residential units at the vacation destination on Oahu’s North Shore.
In addition to the existing hotel, the owners offer a chance to purchase a piece of an expansion plan, adding up to 100 homes and two hotels or timeshare properties — permits essentially in hand.
The deal enabling all this gave the owners $45 million up front. In return, the public got state ownership of 53 acres fronting Kawela Bay plus an easement prohibiting development on 568 acres. The new pact is still a win-win, in the eyes of many.