redevelopment of Aloha Stadium and THE surrounding entertainment district SET To MOVE FORWARD.
Honolulu, HI — Momentum is building around the New Aloha Stadium Entertainment District Project (NASED) after the announcement that Hawaii Governor Josh Green is giving the go-ahead on the multi-billion dollar, 98-acre, public-private redevelopment project.
Stating a desire to expedite the project, Gov. Green anticipates the plan moving forward will be inclusive of affordable housing, jobs and places of commerce.
The decision will allow for the use of $350 million in funding appropriated by the state legislature last year to replace the existing obsolete stadium with a new state of the art facility.
With a call for the stadium and real estate proposals to be issued as soon as January by the Hawaii Department of General Services and the Stadium Authority, 2023 shaping up to be a busy one on for WT on the procurement front.
Led by Senior Vice-President, Bridey Best, WT has been engaged as Development Advisors to the State of Hawaii.
“We are all excited and committed to moving the transaction of the New Aloha Stadium and surrounding entertainment district forward – it is a transformational development for the State of Hawaii and its residents,” said Best.
WT’s NASED Program Director, David Harris notes that issuing the RFPs is the next big step for both the stadium and the district’s redevelopment.
“The entire team is looking forward to engaging with our shortlisted developers for the two projects and seeing their ideas for the stadium and district come to life”
For additional information about NASED, please visit the project website: http://nased.hawaii.gov/
About the New Aloha Stadium Entertainment District Project:
The State of Hawaii is currently undergoing two concurrent procurements for the new stadium and real estate development. The proposed project will entail the remediation and construction of a world-class mixed-use development across 100 acres. Central to the plan will be delivery of a new build stadium for approximately 25,000 to 30,000 seats alongside much needed housing, complimentary commercial developments including hotels, restaurants, retail, public realm, as well as connectivity to a newly constructed transit-oriented development (TOD) node.
WT Partnership is one of the fastest growing advisory firms in North America. Founded in Australia back in 1949, WT is known as the oldest start-up in the industry and has been a force in North America since 2010. A trusted advisor to Owners, Developers, Government and Private sector clients, WT currently manages $6.5 billion dollars of active mega projects across North America.
Jake Witt, National Marketing & BD Manager