Bill > HB1494

This bill establishes new guidelines for the Aloha Stadium Entertainment District's development and funding, focusing on creating a framework for public-private partnership. The bill amends existing law to restrict private donations to the Stadium Development Special Fund, stipulating that such donations can only be used for stadium infrastructure and development costs. It appropriates $49,500,000 for fiscal year 2025-2026 to the Stadium Development Special Fund, with the condition that the stadium authority must meet specific development timelines. Additionally, the bill mandates that any funds for fiscal year 2026-2027 must come exclusively from private sources. The legislation includes safeguards that require any unspent funds to revert to the general fund if the stadium project is terminated, and it imposes strict conditions on the expenditure of appropriated funds. The bill aims to support the development of a new stadium district by summer 2028, emphasizing careful project management and financial accountability while promoting a significant public infrastructure project that promises substantial community benefits.

Agriculture and Natural Resources, Budget and Finance, Business and Industry, Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1494&year=2026