THE SENATE S.B. NO. 654 THIRTY-THIRD LEGISLATURE, 2025 STATE OF HAWAII A BILL FOR AN ACT relating to LAND LEASES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
THE SENATE S.B. NO. 654
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
THE SENATE
S.B. NO.
654
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
A BILL FOR AN ACT
relating to LAND LEASES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that the department of Hawaiian home lands is the fee owner of the real property located at 111 East Puainako Street, Hilo, Hawaii 96720, upon which sits the Prince Kuhio Plaza, the largest enclosed mall on the island of Hawaii. The lessee of the land is Ho Retail Properties I, Ltd., which has been negligent in properly maintaining the plaza, leading to leaks in the building and stores vacating the plaza. The purpose of this Act is to require the department of Hawaiian home lands to repeal, revoke, or buy out the remainder of the lease and resell the lease at fair market value to a new entity that will properly maintain the plaza. SECTION 2. The department of Hawaiian home lands shall repeal, revoke, or buy out the remainder of the lease of the real property located at 111 East Puainako Street, Hilo, Hawaii 96720, and resell that lease at fair market value to a new entity that agrees to properly maintain the plaza. SECTION 3. This Act shall take effect upon its approval. INTRODUCED BY: _____________________________
SECTION 1. The legislature finds that the department of Hawaiian home lands is the fee owner of the real property located at 111 East Puainako Street, Hilo, Hawaii 96720, upon which sits the Prince Kuhio Plaza, the largest enclosed mall on the island of Hawaii. The lessee of the land is Ho Retail Properties I, Ltd., which has been negligent in properly maintaining the plaza, leading to leaks in the building and stores vacating the plaza.
The purpose of this Act is to require the department of Hawaiian home lands to repeal, revoke, or buy out the remainder of the lease and resell the lease at fair market value to a new entity that will properly maintain the plaza.
SECTION 2. The department of Hawaiian home lands shall repeal, revoke, or buy out the remainder of the lease of the real property located at 111 East Puainako Street, Hilo, Hawaii 96720, and resell that lease at fair market value to a new entity that agrees to properly maintain the plaza.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY: _____________________________
INTRODUCED BY:
_____________________________
Report Title: Prince Kuhio Plaza; DHHL; Lease; Revocation Description: Requires the Department of Hawaiian Home Lands to repeal, revoke, or buy out the remainder of the lease of the real property under the Prince Kuhio Plaza, in Hilo, Hawaii, and resell that lease at fair market value to a new entity that agrees to properly maintain the plaza. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
Report Title:
Prince Kuhio Plaza; DHHL; Lease; Revocation
Description:
Requires the Department of Hawaiian Home Lands to repeal, revoke, or buy out the remainder of the lease of the real property under the Prince Kuhio Plaza, in Hilo, Hawaii, and resell that lease at fair market value to a new entity that agrees to properly maintain the plaza.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.