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THE SENATE |
S.B. NO. |
1274 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that the island of Oahu currently lacks an operating motorsports center. Hawaii Raceway Park opened for operation in Campbell Industrial Park in 1962, but closed in 2006. Kalaeloa Raceway Park opened in 2010, but closed in 2014. The legislature further finds that the development of a planned motorsports center will provide a boost of jobs in planning and construction, and provide permanent jobs. The legislature further finds that a motorsports industry will have a positive annual economic benefit while also resulting in increased tourism and revenue for the State.
The purpose of this Act is to require the department of business, economic development, and tourism to study and analyze the feasibility of establishing a motorsports industry and development of a motorsports center in Hawaii.
SECTION 2. The department of business, economic development, and tourism shall study and analyze the feasibility of establishing a motorsports industry and developing a motorsports center in Hawaii, including but not limited to, location, costs of land acquisition, costs of construction and development, projected revenues, and means of financing.
SECTION 3. The department of business, economic development, and tourism shall report to the legislature no later than twenty days prior to the convening of the regular session of 2016 on findings and recommendations of its study and analysis under section 2 of this Act.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
_____________________________ |
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Report Title:
Department of Business, Economic Development, and Tourism; Motorsports Industry Study
Description:
Requires Department of Business, Economic Development, and Tourism to study and analyze the feasibility of establishing a motorsports industry and developing a motorsports center in Hawaii, including but not limited to, location, costs of land acquisition, costs of construction and development, projected revenues, and means of financing. Requires a report to the legislature.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.