State cuts ties with Waikiki Landing project developer

State cuts ties with Waikiki Landing project developer

HONOLULU (AP) - The state is pulling its contract with the developer of the planned Waikiki Landing for nonpayment of more than $500,000 and a $1 million performance bond.

The Honolulu Star-Advertiser reports the state's Division of Boating and Ocean Recreation says its lease with Honey Bee USA Inc. will be terminated Nov. 15. The division will begin the process of securing a new development proposal for the Waikiki property at the Ala Wai Small Boat Harbor.

The Board of Land and Natural Resources voted in September to terminate the lease this month if the developer failed to come up with the necessary funds.

Honey Bee couldn't be reached for comment.

The state had expected the project, which included wedding chapels, restaurants and a boat-repair facility, to be complete this December.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.