HRS §206J-11
Leasing project property without a public auction
Read the official text at capitol.hawaii.gov ↗The development corporation can lease project property directly to a qualified person without holding a public auction, as long as the lease fits the Aloha Tower development plan and the board approves it. The lease can last up to 65 years. The corporation must set the lease terms and who can apply.
developerslandlordstenants
The statute, as written — Lease of projects
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The development corporation may lease without public auction, for a term not exceeding sixty-five years, all or any portion of the real, personal, or mixed property constituting a project under its jurisdiction as provided herein to any qualified person, upon such terms and conditions as may be approved by the board, if the board finds that the lease conforms with the development plan for the Aloha Tower complex. Notwithstanding any other provision to the contrary, the development corporation shall establish requirements and conditions relating to the terms of lease and the qualifications of any person to apply for such lease.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.