Aloha Stadium in Hawaii is set to undergo a transformation after Governor David Ige signed into law a bill that will provide funding for a new stadium development.
Act 268 will allow the Hawaii Community Development Authority to upgrade state-owned property under the stadium authority’s jurisdiction, designating the area around the sports venue as the Stadium Development District.
Under the new law, $180m (£142m/€158m) in revenue bonds and $150m in general obligation bonds have been set aside to redevelop the stadium, while $20m in general funds will be put towards improving the district for public use.
The 50,000-capacity stadium opened in 1975 and has hosted a variety of concerts and sports events.
State Rep. Aaron Ling Johanson said told KITV that the signing of the bill into law represented “a momentous day for our community and the state”.
Johanson added: “The creation of the Stadium Development District will showcase an innovative model for more cost-effective public infrastructure through public-private partnerships, will create economic growth, and will literally help to build additional community in a region that has long born the cost of hosting much of Hawaii’s public infrastructure.
“The development of additional community on the stadium parcel will help to link existing neighbourhoods and communities, the Pearl Harbor Historic sites, and the rail in a more seamless and natural way.”
Image Credit: NAVFAC