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Thursday, February 7, 2013

Kakaako Real Estate – Fair Grounds Proposed for 3-Acre Parcel


Billy Balding is hoping to develop a 3-acre parcel located near the Kakaako Makai Gateway Park on Ala Moana Blvd and turn it into a fair ground and amusement center. In a presentation to the Hawaii Community Development Authority and members of the public, Balding outlined a $10 million plan which would include a activities such as zip lines, indoor skydiving, a bungee wall, skateboard park, rock climbing wall, miniature golf and kiddie carnival rides. The grounds would be open from 9:00 am to midnight and alcohol would not be served except for private parties. There would be 70 parking stalls on site.
Initial support for Balding’s plan has been very positive. Balding believes that he would be able to employ 45 people and begin partial operation as early as May 31, 2013. There are several hurdles that Balding has to overcome including finalizing a lease with Kamehameha Schools, which owns the land, and obtaining a special management area permit.
Source: Honolulu Star Advertiser, 2-7-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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