KAPOLEI, Hawaii (AP) - Plans for a $500 million shopping center in Kapolei are moving forward.
Upon completion, Ka Makana Alii will be Oahu's third largest shopping mall after Ala Moana Center and Pearlridge Center.
The Department of Hawaiian Home Lands says a unanimous vote by the Hawaiian Homes Commission Thursday allows the developer to finalize its design and financing for the project.
The department says it has been in ongoing negotiations with DeBartolo Development regarding conditions of the agreement, primarily due to the economic climate.
DeBartolo will pay the department more than $600 million in rent over 65 years for 67 acres of Kapolei land.
The department says revenues from the lease will finance building Native Hawaiian homesteads adjacent to the center and open up other homesteading opportunities statewide.