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developments," which often have ratios of 10-1 or 12-1 retail units to affordable rooms. <br /> Unfortunately, construction plans came to a halt as Bill 121 developed, as it would impose <br /> additional restrictions in an already costly housing market. Consequently, we have been forced <br /> to postpone all our plans and can only use the property solely for agriculture, without any <br /> housing, until we can have confidence that the regulatory landscape has stabilized in favor of <br /> more moderate restrictions. <br /> We are not alone in this situation, as we are aware of others facing similar dilemmas, <br /> questioning whether they can afford to build due to excessive regulation and restrictions. <br /> Therefore, we earnestly request you to further investigate the economic impact of Bill 121. <br /> Proponents of Bill 121 have provided no compelling evidence to support their claims, there <br /> has been no comprehensive studies, and the downstream impacts of the bill will hurt our <br /> housing situation, not help it. We are not speculative investors. We are hard working members <br /> of the community trying to support housing, agriculture, and Bill 121 is effectively taking <br /> away our rights to make ends meet. <br /> We value and appreciate your time, leadership, and support for our community during these <br /> challenging times. <br /> Aloha nui loa, <br /> Matt Ward& Christel Smith <br /> 74-4783 Waiha Loop <br /> Kailua Kona, HI 96740 <br />