Hawaii SB654 requires the Department of Hawaiian Home Lands to terminate a lease for Prince Kuhio Plaza in Hilo and resell it to a new entity.

Hawaii SB654 addresses the lease of Prince Kuhio Plaza in Hilo, currently leased to Ho Retail Properties I, Ltd. The bill mandates the Department of Hawaiian Home Lands to either repeal, revoke, or buy out the remainder of the lease and resell it at fair market value to a new entity that will properly maintain the plaza. This action is due to Ho Retail Properties I, Ltd.'s neglect, which has caused building leaks and store vacancies. The bill aims to ensure the plaza is maintained by a responsible new lessee.

Hawaii SB654 requires the Department of Hawaiian Home Lands to terminate a lease for Prince Kuhio Plaza in Hilo and resell it to a new entity.

Hawaii SB654 addresses the lease of Prince Kuhio Plaza in Hilo, currently leased to Ho Retail Properties I, Ltd. The bill mandates the Department of Hawaiian Home Lands to either repeal, revoke, or buy out the remainder of the lease and resell it at fair market value to a new entity that will properly maintain the plaza. This action is due to Ho Retail Properties I, Ltd.'s neglect, which has caused building leaks and store vacancies. The bill aims to ensure the plaza is maintained by a responsible new lessee.