The Hawaii Board of Land and Natural Resources approved plans on Friday for a $20 million redevelopment project in part of the Ala Wai Small Boat Harbor in Waikiki. Waikiki Landing (previously referred to as Kalia Marketplace), first introduced in early 2010, is a project from Honey Bee USA Inc., led by Japanese developer Hideaki Shimakura, that would privatize the harbor and generate money for the state, according to an NBC News report. "We are trying to get the project up and running by August of next year. It is steel construction, so this thing will come up very fast," said Keith Kiuchi, spokesman for the developer.
Waikiki Landing was introduced via HB 1312 which encouraged public-private partnerships that would lead to harbor improvements. An excerpt follows:
"In these times of economic malaise and with the State facing a massive budget deficit over the next biennium, a further decline in the State's small boat harbors would be a huge loss that the State cannot allow. The purpose of this Act is to authorize the department of land and natural resources to use the request for proposals process to enter into a public-private partnership for the development of portions of Ala Wai boat harbor facilities that are presently underused, to maximize the revenue potential from those facilities."
The Honolulu Star-Advertiser reported earlier this year that the cost of the project grew from $9.7 million to $20 million, and that developer had expanded the project's scope from two buildings to three buildings on the state-owned site of the former Ala Wai Marine boat yard to include more boat repair space and retail and restaurant space.
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