FOR IMMEDIATE RELEASE                                                                      
August 1, 2007

Release No. M-77-07

MAYOR HANNEMANN AND KAPOLEI PROPERTY DEVELOPMENT ANNOUNCE $172-MILLION INITIATIVE

FOR PUBLIC INFRASTRUCTURE PROJECTS IN KAPOLEI

Hawaii’s Largest Private-Sector Funded Effort for Public Infrastructure

            (KAPOLEI, Hawaii) – Mayor Mufi Hannemann today (Wednesday, August 1, 2007) announced a landmark agreement that will facilitate Hawaii’s largest private-sector funded effort to build public infrastructure.  The City’s partnership with Kapolei Property Development will result in a total of $172 million in roads, drainage, water, and sewer improvements in the City of Kapolei with construction already started on some of these projects.  The agreement also includes 5.3 acres of land for a transit facility.

            Mayor Hannemann said, “Kapolei is growing exponentially and it is clear that infrastructure must keep pace with Kapolei’s rapid development.  Kapolei residents are already experiencing some of the growing pains, but that could quickly reach a crisis point.  It’s a situation that needs to be addressed sooner rather than later.

            “In the spirit of a public-private partnership that my administration embraces, I have worked with Kapolei’s master developer, Kapolei Property Development, to find a way to build the infrastructure and build it quickly.   The Department of Planning and Permitting and Kapolei Property Development will utilize a modified third-party review process that we anticipate will result in the timely completion of these improvements.  The Planning Department will also be working with Kapolei Property Development to identify the most critical infrastructure needs to be addressed.

            “I’m pleased to say that, as always, Kapolei Property Development has gone above and beyond the call by pledging to fund and manage the design and construction of $172 million in public infrastructure projects.  In addition, Kapolei Property Development has promised to make an early conveyance of 5.3 acres of land it is contributing to the City for an integrated bus and transit facility along the planned transit route on Kapolei Parkway.

            “The importance of the transit land dedication cannot be overstated.  Ultimately, it will be a multimodal transit station incorporating the fixed guideway, the bus, and parking, along with community services.  In the short-term, the site could serve as a park-and-ride facility for the bus or a connection to the initial phase of the fixed guideway.  It is vital we provide this connection for residents of Makakilo, Kapolei, and the Waianae Coast, as well as workers in the industrial areas so that we can continue in our quest to transform Kapolei into a great city.”

            “Mayor Hannemann’s vision and leadership make it possible to find innovative ways to serve the public better,” said Brad Myers, president of Kapolei Property Development.  “No other private company in Hawaii’s history has made a commitment of this scale to fund and build so many public infrastructure projects within such a short timeframe, and we’re very pleased to work with a government entity that is so committed and dedicated to developing Kapolei.”

            Of the $172 million:

§       $124 million will be spent on building and improving nearly five miles of roadways in and around the City of Kapolei.

§       $25 million will be spent on constructing a new regional drainage system and improving an existing regional drainage channel.

§       $16 million will be used to build more than three miles of new regional sewer lines and a sewage pumping station.

§       $7 million will be used to construct two new regional water reservoirs that will serve the Kapolei area.

            This commitment will bring to $381 million the amount Kapolei Property Development will have invested in Kapolei, including roadways and other public facilities.

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Kapolei Property Development is an affiliate of the James Campbell Company with a focus on the development of the City of Kapolei.  Kapolei has become the state’s fastest-growing region and has emerged as a booming economic center, providing more than 25,000 jobs in over 800 businesses.

Contact:    Theresia McMurdo, Kapolei Property Development

                  674-3122 or 227-9225 (mobile)

                  Bill Brennan, Mayor’s Office, 527-6928