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/