The Aloha Stadium Authority has announced that they are considering several options regarding the 39 year-old facility. One option would be to renovate the existing stadium, but the Department of Accounting and General Services estimates that they would need to spend approximately $120 million for high priority health and safety improvements to keep the stadium operation for the next 5 to 10 years. The second option would be to build a new smaller stadium with between 30,000 and 40,000 seats, which would include premium seating options and other modern amenities. This would cost between $132 million to $192 million, but could save the state $2.4 million to $3.2 million a year in operating costs. The Aloha Stadium Authority will be hosting a couple of town hall style meetings to solicit the public's suggestions and opinions.
Source: Honolulu Star Advertiser, 6-27-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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