If passed, this bill would directly affect Section 109-2 of the Hawaii Revised Statutes, which outlines the powers and duties of the Stadium Authority. The amendment would grant the authority explicit permission to seek entities willing to purchase naming rights, thereby enhancing its financial flexibility. The generated revenue could play a critical role in ensuring the stadium's operational viability and supporting broader economic recovery efforts in the state.
Summary
House Bill 1393 proposes to amend the powers of the Stadium Authority in Hawaii to include the ability to sell naming rights for Aloha Stadium and its facilities. This bill is in response to significant budget deficits caused by the COVID-19 pandemic, with the intention of creating new revenue sources for the authority. By allowing the sale of naming rights, the legislature anticipates generating considerable income to help restore the stadium and its functions post-pandemic.
Contention
While the bill aims at economic recovery through innovative funding solutions, it may also spark debate regarding the commercialization of public spaces. Opponents of similar measures often argue that such actions could lead to a loss of cultural heritage or identity associated with these public venues. Additionally, concerns may arise around the ethical implications of profiting from public assets, particularly in the context of the pandemic where public resources are being re-evaluated.