STAND. COM. REP. NO. 2805

Honolulu, Hawaii

RE:    S.B. No. 2918

       S.D. 2

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B. No. 2918, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO COMMUNITY DEVELOPMENT,"

begs leave to report as follows:

     The purpose and intent of this measure is to assist in the development of the property surrounding Aloha Stadium.

Your Committee received written comments in support of this measure from the Public Land Development Corporation and the Ironworkers Stabilization Fund.

     Your Committee finds that the property surrounding Aloha Stadium has the potential to become an economic stimulator for the State.  Transferring the development and management rights from the Aloha Stadium Authority to the Public Land Development Corporation will assist in exploring and creating mixed-used redevelopment opportunities for the land, thereby creating jobs and revenue for the State.

     Your Committee has amended this measure by:

(1)  Adding a new section 2 stating that contracts and other agreements by the Stadium Authority for the development rights of the property are applicable to the Public Land Development Corporation;

(2)  Clarifying that the Public Land Development Corporation shall develop the land pursuant to chapter 171C, Hawaii Revised Statutes, notwithstanding that any portion of it may be private land;

(3)  Changing the effective date to July 1, 2050, to promote further discussion; and

(4)  Making technical nonsubstantive amendments for the purposes of clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2918, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2918, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair