STAND. COM. REP. NO. 505

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1028
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committees on Economic Development and Business
Concerns and Transportation, to which was referred H.B. No. 1028
entitled: 

     "A BILL FOR AN ACT RELATING TO ALOHA TOWER DEVELOPMENT
     CORPORATION,"

beg leave to report as follows:

     The purpose of this bill is to:

     (1)  Remove the restriction placed on the Aloha Tower
          Development Corporation's ability to develop Irwin
          Park;

     (2)  Appropriate funds to acquire the reversionary interest
          in Irwin Park retained by the heirs of Helene Irwin
          Fagan; and

     (3)  Allow the Corporation's executive officer to appoint
          personnel consistent with other redevelopment
          authorities.

     Testimony in support of this bill was submitted by the
Department of Transportation, the Aloha Tower Development
Corporation, the Aloha Tower Limited Partnership, and the Chamber
of Commerce of Hawaii. 

     Testimony in opposition to this bill was submitted by Scenic
Hawaii, Inc., Na Leo Pohai, and one individual.

 
 
                                 STAND. COM. REP. NO. 505
                                 Page 2

 
     
     As affirmed by the records of votes of the members of your
Committees on Economic Development and Business Concerns and
Transportation that are attached to this report, your Committees
are in accord with the intent and purpose of H.B. No. 1028, as
amended herein, and recommend that it pass Second Reading in the
form attached hereto as H.B. No. 1028, H.D. 1, and be referred to
the Committee on Finance.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Economic
                                   Development and Business
                                   Concerns and Transportation,

                                   
                                   
                                   
                                   
______________________________     ______________________________
KENNETH T. HIRAKI, Chair           ROBERT N. HERKES, Chair