HomeMy WebLinkAboutCOM 0822.020 1996-1998
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Chamber o f Commerce Phone (808) 935-7178
W - - d Fax: (808) 961.43.5
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May 12, 1998
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Mr. James Arakaki, Chairman
Hawaii County Council
25 Aupuni Street
Hilo, HI 96720
Extension of Time for Kealakekua Development Corportation I KDC), Bill 232
Dear Mr. Arakaki,
The Hawaii Island Chamber of Commerce urges your support for Kealakekua Development's
request for a time extension. We are sure you are aware, this is a very difficult financial market
to generate new capitol investment for real estate projects. The Japanese financial markets are
particularly problematic and they have a significant impact on KDC's ability to proceed at this
time.
It is our belief that the economy of Hawaii will turn the corner as we enter the new millennium.
We believe that KDC's project is an appropriate use of their remote mauka lands and that they
have proven to be an active contributor to the community, even in their down periods. KDC's
reforestation efforts and general land management practices have shown their ongoing sensitivity
to the land they own and we encourage the County Council to approve their request for a time
extension.
Thank you for the opportunity to comment.
Sincerely.
YIdee elr ose
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cc: Sachi Noma
Carol VanCamp
Gaur<w. Ma.~~..
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Affiliated with the Chamber of Commerce of the United States MAY 1 4 1998