State, Oahu resort in talks to settle land deal - Hawaii News Now - KGMB and KHNL

State, Oahu resort in talks to settle land deal

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HONOLULU (AP) - Gov. Neil Abercrombie says his administration is working on reaching a land preservation agreement this year with Oahu's Turtle Bay Resort.

The Honolulu Star-Advertiser says Abercrombie is asking Hawaii state legislators for $40 million in general obligation bond money for a conservation easement to protect 610 acres near Kahuku Point and Kawela Bay from development.

The state Senate's Water and Land Committee and Judiciary and Labor Committee held a briefing Wednesday to hear an update on negotiations.

The state's appraisal is between $31 million and $38 million. Turtle Bay's figure is higher, primarily because of fixed infrastructure costs.

The state is waiting to hear from developers about a reduced infrastructure plan that reflects less development.

Abercrombie urges swift action, saying the issue needs to be settled.

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