The text describes a district around Banyan Drive and assigns a redevelopment agency within the state development authority to carry out its provisions.
The text describes a Banyan Drive district and a redevelopment agency within the state development authority. The authority appoints the agency chair, who serves at its pleasure.
The authority may plan and build projects in the district and nearby areas. Plans should protect cultural sites and consider climate risks; outside work must support district redevelopment.
The authority may create a program to improve and maintain the district and may assess fees under applicable law. It may adopt rules for the program.
Specified district revenues, contributions, program fees, and legislative appropriations would go into a special fund. Lease income goes to the agency that owns or manages the property.
The text establishes the Banyan Drive community development district and a redevelopment agency within the Hawaii Community Development Authority. The district includes the area bounded by the Wailoa River, Kamehameha Avenue, Kalanianaole Street, Banyan Way, and Reeds Bay, along with land from parcels in those boundaries down to the ocean and Coconut Island. The text sets July 1, 2026, as the effective date.
The authority may plan, design, and build projects in and outside the district. The authority's planning and construction may cover the district and related work outside it. Work outside the district must relate to infrastructure, drainage, roads, business or industrial relocation, or other work the authority considers necessary for redevelopment. Plans should protect Hawaiian cultural and historic sites, coordinate with existing state and county plans when possible, consider climate and sea-level risks, and consider ways to improve mobility.
The authority may set up an improvement and maintenance program and assess fees under applicable law. The program would cover improvements and maintenance in the Banyan Drive district. The authority may adopt rules for the program under state rulemaking law.
The text directs specified district money into a special fund for purposes of the district provisions. The fund is for the Banyan Drive community development district. The fund may receive district revenues, government or private contributions, program fees, and legislative appropriations. Lease income goes to the agency that owns or manages the property.
No hearings or votes scheduled.