PD RECOMMENDATION REPORT (PL-SMA-2021-000004)

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development plans and ownership anticipated for each of the three (3) areas to be undertaken over an extended period of time. The project will represent a long-term build-out with an estimated start date of 2025 and completed build out occuring around 2043 at over$1.2 billion dollars. Approximately 1,450 jobs in development related and full-time equivalent and operational-related jobs would be created upon project completion. Once complete, the Kumu Hou project will generate an estimated 1,080 ongoing jobs. The applicant notes that these timeframes are conceptual and for modeling purposes, and that actual implementation of the master plan will be dependent on a myriad of factors (economic, market, finance, community, environmental, and other factors)that will manifest over time. The grounds for approving development within the Special Management Area are based on HRS, Chapter 205A-26(2) (Special Management Area guidelines) and Rule 9- 11(e) of the Planning Commission Rules of Practice and Procedure. Planning Commission Rule 9-11(e) states that the Authority (Planning Commission) may permit the proposed development only upon finding that: 1. The development will not have any substantial adverse environmental or ecological effect except as such adverse effect is minimized to the extent practicable and is clearly outweighed by public health, safety or compelling public interest; 2. The development is consistent with the objectives and policies and the Special Management Area guidelines as provided by Chapter 205A, HRS; 3. The development is consistent with the General Plan, Community Plan,Zoning Code and other applicable ordinances; 4. The development will, to the extent feasible,reasonably protect native Hawaiian rights if they are found to exist, including specific factual findings regarding: a. The identity and scope of valued cultural historical or natural resources in the petition area, including the extent to which traditional and customary native Hawaiian rights are exercised in the petition area; -3-