HomeMy WebLinkAbout2024-05-15 Bill 121 Liz Lees From: Liz Lees
To: LPCtestimonv
Subject: Urgent Need for Comprehensive Study on Bill 121"s Economic Impact
Date: Wednesday,May 15,2024 12:53:22 PM
Chairperson Barbara Defranco
Leeward Planning Commission
West Hawaii Civic Center
Council Chambers, Building A
75-5044 Ane Keohokaloe Highway
Kailua-Kona, HI 96740
Aloha Chairperson Defranco,
I am writing to express my deep concerns regarding the proposed regulations under Hawaii Bill 121
without the backing of a comprehensive, independent, and academically rigorous economic impact study.
The vacation rental industry is a significant contributor to the Big Island's economy, with an impact
exceeding $1.1 billion. It is, therefore, inappropriate and potentially harmful to regulate such a vital
industry without fully understanding the consequences of such actions.
During the Leeward Planning Commission meeting, Heather Kimball acknowledged the necessity of
conducting this study. This acknowledgment underlines the complexity and the potential impact of Bill 121
on our community and economy. Given the bill's intricacies, a thorough evaluation is essential but
currently unfeasible within the given timeframe.
Paul Brewbaker is the principal of TZ Economics, a Hawai'i consultancy, would be a good resource.
Recently he spoke about the issues of the proposed STR ban on Maui and the financial issues that might
cause for county. I believe there is a high possibility that this bill will have many unintended
consequences and should be more deeply reviewed.
I urge the commission to recommend a pause on the bill's progression to allow for a detailed study.
Additionally, it is crucial to involve industry representatives in the discussion process. Their absence has
been a significant concern and contributes to the public's apprehension towards the bill. Including a
member from the industry would ensure a more balanced and informed debate, addressing both the
community's and the industry's needs.
Mahalo,
Liz Lees
77-110 Nahale PL
Kailua Kona, HI 96740