Towne Development of Hawaii Inc. has announced that they will be working with several other partners to try and revive the Pu'unani project on the island of Maui. The newest proposal would be to take approximately 208 acres of agricultural land in the Wailuku neighborhood and develop a total of 450 townhouse and 147 rural lots in its place. The state Land Use Commission and the Maui County would have to reclassify the land from agricultural to urban and rural use before the project can get started. Supporters of the project are delighted by the construction jobs that the development would create and note that Maui County would have increased property tax revenue from the additional housing. Opponents of the project point out traffic and water problems, and feel that Pu'unani would take away prime farmland from the state.
Source: Honolulu Star Advertiser, 12-16-2013, 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
