Governor Neil Abercrombie has announced that he would like to create a new development authority for the state’s harbors and parks. Under the governors’ proposal, a five member board would work with the private sector to develop these locations and bring in additional revenue for the state. For example, the new development authority may identify a state owned small boat harbor and find a suitable private developer to redevelop and manage the facility for the state.
Abercrombie’s administration had suggested a similar initiative to develop underused public school land and use the money generated to modernize existing schools.
Source: Honolulu Star Advertiser, 1-24-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
