|
staff’s analysis and recommendations, as well as the proposed modifications to the conditions of
<br />approval, and we are in concurrence with that, sir. And I’m happy to answer any questions you
<br />might have.
<br />
<br />UNGER: Commissioners, any questions?
<br />
<br />CARR SMITH: Sure, just maybe a brief update on timing of the existing damaged units and the
<br />overall plan down there would be nice.
<br />
<br />EADIE: Certainly, sure. We are the successor of interest, if you will; basically we came into the
<br />picture in August of 2016, and executed a new long-term lease with Kamehameha Schools. And
<br />at that time we went to work in analyzing how we will carry out the rest of the project.
<br />Obviously, we wanted to maintain the low intensity and vibe, if you will, of Kona Village. It
<br />was, it’s very special, and everybody is anxious and in fact relying upon us to perpetuate that
<br />vibe as we go forward. And, as a consequence, and then moving forward, we have looked at the
<br />market conditions and discussed what we need to do to remain competitive, but largely we are
<br />proceeding with the plan that is out there now. There are some amplifications of like a spa and
<br />fitness facility that are necessary to compete in the market, as I said, but I think what you will
<br />find at the end of the day is a, the new Kona Village is going to be a restatement but updated for,
<br />you know, where we are this point in time.
<br />
<br />When we first came in in 2011, or, excuse me, after the tsunami took care of a lot of Kona
<br />Village, we came into the picture, as I said, in mid-2016, and Mother Nature had taken over
<br />because nothing had been done on the property. It was fallow, and the growth, the overgrowth,
<br />was absolutely where you couldn’t even walk through the property. So the first thing was to,
<br />you know, clear brush and pick up all the materials that had blown around and, to get to a point
<br />where we could actually do some serious analysis in land planning. And since that point in time
<br />we’ve, you know, iterations of the plan has gotten to a point where we went through Plan
<br />Approvals to update those plans with the County Planning Department. We have proceeded to
<br />implementation drawings, working drawings, if you will. And shortly we will be starting with
<br />utility work on the property. The hale-s themselves and other accessory buildings, a lot of those
<br />are being, some of those are being deconstructed where we have a replacement, if you will,
<br />because a lot of these hale-s are, were not only damaged but structurally not up to code, and we
<br />have a condition of approval with Planning to bring all the units up to code. So that, as well as
<br />repair, as Mr. Darrow pointed out, will be part of the program here as we go forward. We are
<br />building two prototype hale-s, if you will. Those hale-s are being built so that when we go and
<br />proceed with the rest of the 150, 148, we are assured that we are going to be building something
<br />that is not going to be, have to be modified as we go; we are going to de-bug or do all of the
<br />changes we want to these prototypes, use those as a model home, so to speak, look at those
<br />things and make sure that that’s what we want to do going forward. So that’s a cautionary way
<br />of approaching it so that we don’t have a bunch of starts and stops with change plans on the way.
<br />
<br />So that’s kind of where we are right now in the point in time, and our best guess right now,
<br />because any time you are remodeling a facility, if you will, rather than starting on bare ground,
<br />it’s a lot more complicated, a lot more moving parts, and our best guess right now is that
<br />sometime in early 2020, 2021, is when we would be open for business again. There is a lot of
<br />5
<br />EXHIBIT D
<br />
<br />
|