Hawaii SB654 requires the Department of Hawaiian Home Lands to terminate and resell a lease for the Prince Kuhio Plaza in Hilo.
Hawaii SB654 mandates the Department of Hawaiian Home Lands to either repeal, revoke, or buy out the lease of the Prince Kuhio Plaza in Hilo, located at 111 East Puainako Street. The current lessee, Ho Retail Properties I, Ltd., has been neglecting maintenance, causing damage and store closures. The department must then resell the lease at fair market value to a new entity committed to proper maintenance. This Act aims to ensure the plaza is adequately maintained and operated.
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