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the former Punalu'u Restaurant complex and managing activities at the Black Sand Beach <br /> are, including the Open Market and restaurant complex. Depending on securing the <br /> requested SMA Use Permit and the conditions of approval imposed,the applicant anticipates <br /> the following development schedule: <br /> 1. Architectural & Engineering design — approximately two (2) years from SMA <br /> approval. <br /> 2. Applying and securing necessary construction related permits—approximately <br /> three (3)years from completion of the design phase. <br /> 3. Complete construction approximately five (5) years from the issuance of <br /> Building Permits. <br /> Total anticipated cost of the project could range between$200- $350 Million in 2023 USD. <br /> 4. Special Management Area: As stated previously the total project area is approximately <br /> 434-acres,however, only those lands located makai of the Mamalahoa Highway are within <br /> the SMA, which is about 325-acres. All properties within the SMA are subject to Hawaii <br /> Revised Statutes (HRS) Ch. 205A objectives and policies. Public access exists with access <br /> points to the shoreline via pathways,the beach park,and Black Sand Beach area. Staff notes <br /> that no work is being proposed within the shoreline setback area, with the majority of <br /> development being located well mauka of the beach and shoreline area. As such the <br /> requirement to conduct a shoreline certification was waived by the Planning Director as no <br /> shoreline work is proposed that would cross or even be close to the shoreline setback area <br /> boundary. <br /> 5. Supportive Information: The applicant has submitted the attached in support of the request <br /> (Planning Department Exhibit 2—Special Management Area Use Permit Application <br /> dated December 18,2023,and Planning Department Exhibit 3—Site Plan Packet Dated <br /> December 14,2023) <br /> 6. Landowners: Black Sand Beach, LLC. <br /> BACKGROUND INFORMATION <br /> The Planning Department notes that there is a 50+year history ofpermits, SMA approvals, <br /> and Change of Use ordinances for this area. Included in this background list are only the <br /> regulatory determinations/permits that relate to the proposed project area discussed in this <br /> -4- <br />