Field Level Media
06 Aug 2025, 03:11 GMT+10
(Photo credit: Marco Garcia-Imagn Images)
The agreement on a proposed 98-acre mixed-use development in Honolulu that would include a new 25,000-seat stadium is being reviewed by lawyers ahead of a self-imposed Aug. 15 deadline.
The state's contract agreement with the Aloha Halawa District Partners, the developer of the New Aloha Stadium and Entertainment District (NASED) project, initially featured a June 30 deadline. But if the Aloha Stadium Authority votes to ratify the contract by mid-August as expected, demolition on the 50-year-old Aloha Stadium that has been closed since 2020 could begin by the end of the month.
The state has appropriated $400 million for the new Aloha Stadium that will serve as the new home for the University of Hawaii football team and the Hawaii Bowl, according to the Sports Business Journal. The full stadium project is estimated to cost as much as $650 million, with the difference being paid by NASED with revenues generated from its development of the rest of the 98-acre site.
'We've never been this close to executing an actual contract,' University of Hawaii Engineering School dean Brennon Morioka told the SBJ.
The developer's timeline is to have the new stadium ready for the football team's home opener in 2028, though SBJ reports that tariff issues are 'unsettling' budget and construction plans. The stadium also is being designed to host additional events such as concerts and soccer and rugby matches that the current Aloha Stadium was not built for. The current site already hosts swap meets and markets.
'It's not just a stadium, so it's not just an infrastructure project, and it's not just a development project,' Morioka told the SBJ. 'It's a combination of the two and the two are very much tied together, so we have four or five different agreements that all get combined into the single contract. And when you make one change in one agreement, it has trickle-down effects in multiple agreements, so just making sure the consistency is there. That's part of what's taking us a little bit longer.'
--Field Level Media
Get a daily dose of The UK News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The UK News.
More InformationNEW YORK, New York - U.S. stock markets took a well-earned breather on Tuesday, after recent heady gains. Today we're seeing the market...
MILAN, Italy: European banks are well-positioned to absorb a significant economic downturn triggered by geopolitical conflict and a...
MILAN, Italy: Giorgio Armani is facing renewed scrutiny over labor conditions in its supply chain after Italy's antitrust authority...
WASHINGTON, D.C.: A new 50 percent U.S. import tariff on Brazilian coffee is poised to shake up global trade flows, redirecting beans...
NEW YORK, New York - U.S. stocks rebounded Monday with all the major indices pushing higher. Markets were boosted by Europe putting...
NEW YORK CITY, New York: American Eagle Outfitters, a popular U.S. clothing brand, wanted to grab attention with its new fall advertising...
(Photo credit: Marco Garcia-Imagn Images) The agreement on a proposed 98-acre mixed-use development in Honolulu that would include...
(Photo credit: Mark J. Rebilas-Imagn Images) South Korean star Son Heung-min was in transit to the United States on Tuesday to officially...
New Delhi [India], August 5 (ANI): Brazil's bond with football is deep and everlasting. Famous for their flair, skill, and unmatched...
New Delhi [India], August 5 (ANI): Khalid Jamil has always taken the tough path in Indian football. Calm, soft-spoken, and never one...
(Photo credit: Ron Chenoy-Imagn Images) Toronto FC are making a splash by acquiring star midfielder Djordje Mihailovic from the Colorado...
(Photo credit: Mark J. Rebilas-Imagn Images) Son Heung-min, who spent 10 seasons with Tottenham Hotspur and stars for the South Korea...
