2019-08-28 BDHRA Minutes - Laserfiche WebLink

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switching it, who knows. But I—and then the Country Club they would try to redesign that into some type of suite type of hotel. Hey, I think that's a great idea. If they can find investors to invest in our community, and then I think that would have a domino effect on the other properties in the area. Whether there'd be senior, senior upper, senior housingI'm not talking about senior housing where you get assistance, I'm talking about senior housing where people wanna come and retire, look at the ocean and have money in their bank accounts where they love walking around the area, maybe going in, going to a gym. Cause Hilo is a great community to live in. It has good weather, I mean people complain about the rain but the truth is the rain is really not that bad. It's a well-kept secret. And you know, we have a lot of nice, beautiful days like today, a little hot but we have beautiful breezes, and if you really wanted to, go up thirty miles you got air condition up Volcano area. So the long and short of it is I think we don't need to solve all the problems one time. I think we need to embrace someone who was smart enough to get a good lease with the State and we should allow them to leverage their position to create more opportunities for our community. We should have a can do attitude for that developer. Hey, he was smart enough to leverage that lease, let him try to attract other investments in that area. And I, you know, I got no problem that we go out of existence and have a super agency from the State. Whatever works to facilitate that. We should give him the key to the city if he can get a hotel built in Uncle Billy's place and fix up the area around the Country Club area. Hey, if he can make a lot of money so be it for him. I don't, I don't begrudge his ability to make money from his ideas and efforts. But we should give `um a chance. But unfortunately things are going too slow and then, you know, you gotta hit when the iron's hot and there's a lot of interest in the activities at the Naniloa. And I have no interest whatsoever. I don't represent the guy, never did, I just think that this is an opportunity that we need to embrace. So that's my two cents. TANIGUCHI: I have a question. What is the possibility or probability of doing a master lease development that somebody else run rather than the State? That whole peninsula. HEIT: Well we've looked at that possibility. Right now we have two existing leases on Banyan Drive, well with the exclusion of the Hilo Bay Cafe. Sorry three leases, two hotels, one apartment complex. So we have Hilo Hawaiian, Naniloa Resort, and the Bayview Banyan. We have three that are on month-to-month permits. The Country Club now has 121 oceanfront properties, is an apartment unit. Naniloa's Hilo Bay Resort is a hotel, and the Uncle Billy's is basically on month-to-month permit just for security purposes. Owners of the Naniloa have it just for security; they keep an eye on the place, they have, you know, guards going through so to keep it under control to prevent any type of unauthorized entry onto it. So to get a master lessee take over the place and entire peninsula would be a little difficult because of existing leases. Unless you're going to exclude them and just work with the properties that we do have available that we kind of put out. TANIGUCHI: You know like for example, Naniloa, I don't know whether they really want the golf course property. There's seven leases, I understand, under that one lease, with seven different parcels. Can they break it apart? If a master lessor comes in, can they break it apart and work with the lessor? Page 14 of 19 Banyan Drive Hawaii Redevelopment Agency August 28,2019 Minutes