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.