Bill

Bill > SCR221


HI SCR221

HI SCR221
Urging The Department Of Hawaiian Home Lands To Repeal, Revoke, Or Buy Out The Remainder Of The Lease Of The Prince Kuhio Plaza And Resell That Lease At Fair Market Value To A New Entity That Agrees To Properly Maintain The Property.


summary

Introduced
03/07/2025
In Committee
03/12/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

RESOLUTION URGING THE DEPARTMENT OF HAWAIIAN HOME LANDS TO REPEAL, REVOKE, OR BUY OUT THE REMAINDER OF THE LEASE OF THE Prince Kuhio Plaza AND RESELL THAT LEASE AT FAIR MARKET VALUE TO A NEW ENTITY THAT AGREES TO PROPERLY MAINTAIN THE property.

AI Summary

This concurrent resolution urges the Department of Hawaiian Home Lands (DHHL), which owns the property at 111 East Puainako Street in Hilo, to take action regarding the Prince Kuhio Plaza, the largest enclosed mall on Hawaii Island. The resolution highlights that the current lessee, Ho Retail Properties I, Ltd., has failed to properly maintain the property, leading to significant deterioration, persistent leaks, structural concerns, and multiple store vacancies that negatively impact local commerce and employment. The poor property condition undermines DHHL's mission to manage assets for Native Hawaiian beneficiaries and potentially reduces leasing revenue. To address these issues, the resolution calls on DHHL to either repeal, revoke, or buy out the remainder of the current lease and then resell it at fair market value to a new entity that commits to proper maintenance and economic revitalization. The resolution also directs that a certified copy be transmitted to the Chairperson of the Hawaiian Homes Commission.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Referred to HWN, WAM. (on 03/12/2025)

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