Comments on: Field or dreams?

By: kawika49

kawika49 — Mon, 17 Mar 2014 17:41:29 +0000

#115 you didn’t get it; that was breakfast.

By: Former UH Athlete

Former UH Athlete — Mon, 17 Mar 2014 17:36:47 +0000

29… Wow… Totally didn’t realize UH had so few on-campus housing. Does that count number of rooms? OR actual student count? Just about every room has 2 people per room.

Seemed like there were more than 3500 students on campus when I was there. I stayed 4 of 5 years on campus. The one year off campus was good since it was close to the Shidler Business school, but I got tired of having to walk uphill to get from the living room to my bedroom (no stairs). Not to mention the nasty 3 inch cock-a-roaches that don’t die after 1 whack on carpet.

By: Ipu Man

Ipu Man — Mon, 17 Mar 2014 17:34:27 +0000

Maybe incorporate a stadium in Obama’s library…

By: kawika49

kawika49 — Mon, 17 Mar 2014 17:31:27 +0000

#110 it was an executive order. They can own we can sub-lease.

By: kawika49

kawika49 — Mon, 17 Mar 2014 17:29:40 +0000

The bottom line is; why should an educational institution pay $250 million plus for a field
it will showcase; maybe six times a year. Share the burden. We, all of us must find a way to make it pay.

By: tommui

tommui — Mon, 17 Mar 2014 17:25:05 +0000

Sorry – #110 not to rain on someone’s parade. Think the Stadium should be built or re-built and multi-use is necessary!

By: tommui

tommui — Mon, 17 Mar 2014 17:23:39 +0000

GOOD MORNING HAWAII!

I believe when the idea of a new/re-do the stadium came up before, it was pointed out that Halawa could not be sold – belongs to the Feds? Navy?

By: kawika49

kawika49 — Mon, 17 Mar 2014 17:14:52 +0000

We are being, too one dimensional on the stadium. In the end, whatever is decided upon; we all will pay, or benefit.

By: kawika49

kawika49 — Mon, 17 Mar 2014 17:05:14 +0000

I agree. Initially sell lease Halawa. Hold on to convention center and petition the Feds to turn the current convention site to be a Pacific Area trade council center (Duty Free.)
Allow Western Samoa, Plau, Brazil, Russia etc. office space there. Allow then banking and other licenses ther.
Use the Diamond head facility as the convention and recreational facility.
Benefit of using the PATCY facility? Ease of transferring monies and titles. Having facilities of various offices of entities in the banking facilities not under Hawaii laws.

By: boolakanaka

boolakanaka — Mon, 17 Mar 2014 16:45:43 +0000

Well, Kawika you make some interesting propositions. That said, the sale of either or both, Aloha Stadium and the Convention Center, assume that their is buyer out there, and that they either can conform the respective uses to dramatically increase revenue flow to make them profitable. The convention center in 1998 dollars took apprroximately 200, million dollars, adjusted for inflation, I would surmise we are looking at least 300 million. Lets assume Aloha Stadium is in the similar ballpark–although I would say 10-15% higher.

The problem I see with these properties is the specific nature on how they make money, and its realistic use for a new investor/property owner. In short, they would rely, more or less, on the same market place and potential users, as the current owners. Thus, the more pivotal question, is whether they bring in better marketing and business practices? Now, couple that with an even more complex and challenging question–that is– if we build our new place, is that market able to sustain 2 venues basically built for the same purpose. If the answer is no, well, I think you have the answer to whether it actually viable to sell the original properties and pivot into a new one….but, just my 2 cents.