Bill to revive Aloha Tower re-development proposed

A bill before the state legislature would help revive the plan to redevelop the state owned land around the Aloha Tower Marketplace is gaining new strength.  Last year the state agency that was in charge of the redevelopment was disbanded because of lack of support.  The last proposed project was proposed by Texas developer, Ken Hughes.  The project which dragged on for 6 years included residential as well as retail units ended which an arbitration award to Hughes for $1.6million in 2009.

The area is in dire need of development and a new plan to support downtown and the cruise industry traffic.  The new committee will have fewer decision makers and have a weighted participation by the Department of transporation.

To learn more about real estate in Hawaii, contact Malia L. Meenderman, R, Bonnebaker LLC

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