Civil Beat鈥檚 recent editorial (鈥淟awmakers, Please Give the State Land Commission聽Some Teeth,鈥 Oct. 1, 2015) was wrong to imply that the recent court case involving Haseko鈥檚 Hoakalei Resort was about planning or zoning. As Anita聽Hofschneider鈥檚 article correctly stated, there is no condition requiring the building聽of a marina.
The recent court case involved contractual agreements between a developer and聽homebuyers. The jury returned a verdict finding that Haseko had not聽misrepresented any fact in selling homes to Ocean Pointe and Hoakalei residents. 聽The court case does not affect our proposal to complete the recreational lagoon or聽Haseko鈥檚 efforts to realize our decades-long vision of Hoakalei as a mixed-use聽waterfront recreational destination for all to enjoy.
Haseko’s intention was to build a marina. For more than 20 years, we worked to聽obtain the necessary permissions from government to do so, and spent tens of聽millions of dollars to construct the basin and $32 million to acquire and install聽granite armor stone for the marina. But it was never a promise or guarantee聽because no private company has the authority to force decisions on governmental聽agencies.
After years of legal challenges, it became clear that time was going to be a factor as聽to whether we would be able to complete the marina. So we began looking for an聽alternative that could be of at least comparable value of the marina for not only our聽company but also our homeowners. Cost was not a factor; in fact, the lagoon is聽expected to cost more to complete than the marina (see Final EIS, which was聽published in November 2014).
Your editorial asserts that area homeowners suffered reduced home value because聽of Haseko鈥檚 decision to build a lagoon rather than a marina. This is simply not true. 聽Despite the plaintiffs鈥 claims, an analysis by real estate appraisal firm The Hallstrom聽Group compared resale prices before and after the marina/lagoon change was聽announced, and showed otherwise.
The Hallstrom Group study proved that the value of homes in Haseko鈥檚 Ocean Pointe聽and Hoakalei developments increased by a slightly higher percentage rate than the聽homes in 鈥楨wa-by-Gentry, the 鈥楨wa Plain and O鈥榓hu overall. So there has been no聽loss in property value.
The fact is that this transformation into a recreational lagoon can be used by more聽people than the marina. 聽Under the old plan, the proposed marina channel entrance would have disrupted聽lateral shoreline access. With the lagoon plan, the lateral shoreline access remains聽continuous and includes pathways that connect the two public beach parks next to聽Hoakalei, specifically One鈥榰la Beach Park and White Plains Beach, to additional聽pathways that run around the lagoon, up to the proposed public swimming cove and聽through the planned commercial districts.
The lagoon will offer recreational opportunities including swimming at the planned聽public cove, sunbathing and picnicking , kayaking, canoeing and paddleboarding, as聽well as additional pathways for walking, jogging and biking. 聽The recreational lagoon has received much community support, as demonstrated by聽the hundreds of letters submitted to the Planning Commission and to the City聽Council in support of our zone change application. Hundreds of letters supporting聽the addition of the lagoon option were also submitted previously as part of the City聽Council’s update to the 鈥楨wa Development Plan in 2013.
Please note that while Haseko firmly believes utilizing the basin as a recreational聽lagoon provides benefits to a much larger number of people than a marina, we聽continue to keep all marina-related permits alive and in full-compliance with聽government regulations. We are not taking any action that would prevent someone聽else in the future from pursuing the governmental permissions required to聽construct the entrance channel to the ocean and utilize the basin as a marina.
We acknowledge that some homeowners were disappointed with the difficult聽decision to change from a marina to a recreational lagoon, but we believe it was the聽right decision as it offers greater benefits for the broader community. 聽Although some details have changed, Haseko鈥檚 vision for Hoakalei Resort has not.
We are actively working to create a vibrant waterfront resort community where聽area residents, guests and the general public will enjoy welcoming recreational聽spaces, retail and dining opportunities that don鈥檛 exist anywhere else on the island.
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