Sunday, January 24, 2021
Hawai'i Free Press

Current Articles | Archives

Wednesday, January 7, 2009
Lingle Admin: Two proposals for Turtle Bay purchase
By News Release @ 8:37 PM :: 2259 Views

HONOLULU – The Lingle-Aiona Administration has made two proposals to purchase the Turtle Bay resort and surrounding open space since Governor Linda Lingle raised this issue in her January 2008 State of the State Address.  The offers were made on August 10 and again on November 25, 2008 to the sellers of the property, Kuilima Resort Company, TBR Property LLC, Kuilima Mauka, LLC and North Shore Wastewater Treatment, administration officials told the Turtle Bay Advisory Working Group at a meeting held this afternoon.

The offers were made to the brokers representing Oaktree, the entity managing and proposing to develop the site, and the consortium of lenders. 

The offers were based on an appraisal of the property and recognize the importance of maintaining the current hotel operations as well as respect the desire of those who were interested in obtaining their leased fee interest under their condominiums.  The property encompasses nearly 1,300 acres of land on O‘ahu’s North Shore, including the makai and mauka lands from Kahuku Point to Kawela Bay.

The State’s offers allowed for an exit strategy that would have eliminated or limited the need to use State tax dollars to acquire the land.  This included possible options of the State selling, and/or working with other entities that would purchase the resort hotel, golf courses, related businesses and condominiums as part of the financing.

“Under the current economic and capital markets climate the State continues to be a qualified and, we believe, a preferred purchaser.  We also continue to stand ready to participate in or facilitate a transaction that would preserve the majority of the land in open space,” Ted Liu, State director of Economic Development and Tourism, stated.

Liu noted the State’s initial offer was not accepted and the State’s second and most recent offer on November 25, 2008 expired on December 10, 2008, but the State stands ready to negotiate further. Therefore the terms of the offer could not be disclosed.

The Governor’s Turtle Bay Advisory Working Group, comprised of community, business, government, non-profit and union leaders, has been meeting to address how to acquire the property and preserve it for public use, while also maintaining the economic viability of the existing resort. 

The Legislature passed a bill to provide the Governor with additional negotiating tools to use in acquiring and protecting the nearly 1,300 acres of land on Oahu’s North Shore through a variety of means, including direct appropriations, general obligation bonds, exchange of public lands, federal funds, private funds or other negotiated agreements.  While the bill also authorizes the use of eminent domain, the Administration believes this is not a preferred option.  The bill was signed into law by Governor Lingle on June 4, 2008.

RELATED:  Honolulu Advertiser coverage

SB:  State fails in attempt to acquire Turtle Bay

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

ALEC

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Ballotpedia Hawaii

Better Hawaii

Blaisdell Memorial Project

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

Coffee Break

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT