State Chief Economist, Eugene Tian and Economist Paul Brewbaker presented their predictions to the Hawai'i Economic Association.
Construction to overtake Tourism in 2014
The state’s top economic driver, tourism, is on the verge of being overtaken by the construction industry. That’s the prediction of two economists who spoke at the Hawai’i Economic Association luncheon today. HPR’s Wayne Yoshioka reports.
2013 was a big year for Kakaako. Six new residential and commercial buildings were given the green light. That’s three times more than were approved the year before. And it's focused attention on a government agency: the Hawaii Community Development Authority. HPR’s Molly Solomon reports.
Development plans for 8 high-rise towers in Kaka’ako have been approved, with at least 3 more in the pre-application process. Older warehouse-type buildings will be demolished to make way for the new 400-foot towers. But as HPR’s Wayne Yoshioka reports, one classic structure in the area has been spared from demolition and will serve as a headquarters for redevelopment.
Plans to build 2 more high-rise buildings in Kaka’ako won unanimous approval today, bringing the total to eight 400-foot towers approved for construction in Honolulu’s so-called “Third City.” As HPR’s Wayne Yoshioka reports, the developer won major concessions or modifications to state building rules.