URGING THE DEPARTMENT OF HAWAIIAN HOME LANDS TO REPEAL, REVOKE, OR BUY OUT THE REMAINDER OF THE LEASE OF THE PRINCE KUHIO PLAZA AND RESELL THAT LEASE AT FAIR MARKET VALUE TO A NEW ENTITY THAT AGREES TO PROPERLY MAINTAIN THE PROPERTY.

SCR 221 is a non-binding resolution urging the Department of Hawaiian Home Lands (DHHL) to address the deteriorating condition of Prince Kuhio Plaza in Hilo. It specifically requests DHHL to either repeal, revoke, or buy out the remaining lease with current lessee Ho Retail Properties I, Ltd. due to their failure to maintain the property, which has caused structural issues, leaks, and store vacancies. The resolution directs DHHL to resell the lease at fair market value to a new entity committed to proper maintenance, aiming to revitalize the plaza as a commercial hub and align with DHHL's mission to benefit Native Hawaiian beneficiaries. This action is proposed to restore economic activity for local businesses and tenants without altering existing lease law.