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<br /> <br /> <br /> "ji I& Hawaii -iLaland 20'2 Kamehamcira A..enrre <br /> <br /> ~1 r1 FHlo, iiae-aii 967'20 <br /> Chamber o f Commerce Phone (808) 935-7178 <br /> W - - d Fax: (808) 961.43.5 <br /> ~MMEER OR FOMMERCQ email: hlcc®lnicqac.ncl <br /> s 1e - r_ r, <br /> 189rq . (-';LFE1?4'11t1G CUR C14cirmNI-41, mA,#?; w'1~8 <br /> May 12, 1998 <br /> C.. <br /> Mr. James Arakaki, Chairman <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, HI 96720 <br /> <br /> Extension of Time for Kealakekua Development Corportation I KDC), Bill 232 <br /> <br /> Dear Mr. Arakaki, <br /> <br /> The Hawaii Island Chamber of Commerce urges your support for Kealakekua Development's <br /> request for a time extension. We are sure you are aware, this is a very difficult financial market <br /> to generate new capitol investment for real estate projects. The Japanese financial markets are <br /> particularly problematic and they have a significant impact on KDC's ability to proceed at this <br /> time. <br /> <br /> It is our belief that the economy of Hawaii will turn the corner as we enter the new millennium. <br /> We believe that KDC's project is an appropriate use of their remote mauka lands and that they <br /> have proven to be an active contributor to the community, even in their down periods. KDC's <br /> reforestation efforts and general land management practices have shown their ongoing sensitivity <br /> to the land they own and we encourage the County Council to approve their request for a time <br /> extension. <br /> <br /> Thank you for the opportunity to comment. <br /> <br /> Sincerely. <br /> <br /> <br /> <br /> YIdee elr ose <br /> t <br /> <br /> <br /> cc: Sachi Noma <br /> Carol VanCamp <br /> <br /> <br /> <br /> <br /> Gaur<w. Ma.~~.. <br /> <br /> <br /> R# f. To:__ ILI,-_._. <br /> Affiliated with the Chamber of Commerce of the United States MAY 1 4 1998 <br />