The Aloha Tower Development Corp, a state agency, has announced that they will be giving Hawaii Pacific University $1 million in rent relief for this fiscal year while the school works to renovate the Aloha Tower Marketplace at Honolulu Harbor. The school purchased a lease from the state in 2012 and plans to spend a total of $40 million on this renovation. The plan is to be completed by June 2015, and after that, Hawaii Pacific will pay the state at least $1 million a year until 2058.
Source: Honolulu Star Advertiser, 11-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
