Makaha land deal gets 60-day extension

MAKAHA (HawaiiNewsNow) - Kamehameha Schools and the Department of Hawaiian Home Lands have 60 more days to complete their Makaha land deal.

The Resort Group granted the extension of the Ka Pua Initiative Gift of Lands so that the donation of land can occur on or before Aug. 30.

According to developer Jeff Stone, Kamehameha Schools must complete the full build-out of the its learning community within five years and DHHL has to convey the 400 affordable housing credits per the original agreement.

Last week, Stone said the transaction must be completed by this Thursday.

Copyright 2011 Hawaii News Now. All rights reserved.