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From: Liz Lees <br /> To: LPCtestimonv <br /> Subject: Urgent Need for Comprehensive Study on Bill 121"s Economic Impact <br /> Date: Wednesday,May 15,2024 12:53:22 PM <br /> Chairperson Barbara Defranco <br /> Leeward Planning Commission <br /> West Hawaii Civic Center <br /> Council Chambers, Building A <br /> 75-5044 Ane Keohokaloe Highway <br /> Kailua-Kona, HI 96740 <br /> Aloha Chairperson Defranco, <br /> I am writing to express my deep concerns regarding the proposed regulations under Hawaii Bill 121 <br /> without the backing of a comprehensive, independent, and academically rigorous economic impact study. <br /> The vacation rental industry is a significant contributor to the Big Island's economy, with an impact <br /> exceeding $1.1 billion. It is, therefore, inappropriate and potentially harmful to regulate such a vital <br /> industry without fully understanding the consequences of such actions. <br /> During the Leeward Planning Commission meeting, Heather Kimball acknowledged the necessity of <br /> conducting this study. This acknowledgment underlines the complexity and the potential impact of Bill 121 <br /> on our community and economy. Given the bill's intricacies, a thorough evaluation is essential but <br /> currently unfeasible within the given timeframe. <br /> Paul Brewbaker is the principal of TZ Economics, a Hawai'i consultancy, would be a good resource. <br /> Recently he spoke about the issues of the proposed STR ban on Maui and the financial issues that might <br /> cause for county. I believe there is a high possibility that this bill will have many unintended <br /> consequences and should be more deeply reviewed. <br /> I urge the commission to recommend a pause on the bill's progression to allow for a detailed study. <br /> Additionally, it is crucial to involve industry representatives in the discussion process. Their absence has <br /> been a significant concern and contributes to the public's apprehension towards the bill. Including a <br /> member from the industry would ensure a more balanced and informed debate, addressing both the <br /> community's and the industry's needs. <br /> Mahalo, <br /> Liz Lees <br /> 77-110 Nahale PL <br /> Kailua Kona, HI 96740 <br />