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UID:50@laialoha.org
DTSTART;TZID=Pacific/Honolulu:20181207T120000
DTEND;TZID=Pacific/Honolulu:20181207T133000
DTSTAMP:20220613T211249Z
URL:https://laialoha.org/events/land-development-plans-of-kamehameha-schoo
 ls/
SUMMARY:Land Development Plans of Kamehameha Schools
DESCRIPTION:The Aloha chapter met for its quarterly luncheon  meeting on D
 ecember 7th at the Oahu Country Club to hear a presentation on future land
  development plans from Walter Thoemmes\, Managing Director\, Commercial R
 eal Estate Division\, of Kamehameha Schools (KS).  Formally known as the 
 Bishop Estate\, KS is a charitable trust created near the end of the 19th 
 Century by Princess Bernice Puahi Bishop\, last lineal descendant of Hawai
 i’s kings\, for the education of native Hawaiians.  The res of the trus
 t\, presently valued at $11.5 billion\, consists primarily of 15\,000 acre
 s of land together with some US mainland investments\, $3.5 billion of whi
 ch is commercial properties on about 275 sites.  The trust disburses abou
 t 4% of its valuation annually to the Kamehameha School campus\, one of th
 e largest private schools in the United States\, and to various outreach v
 enues for construction\, managing and funding for native Hawaiian students
 .  Therefore a major goal is to invest and use the res of the trust to ge
 nerate income for its primary educational mission. KS also sees as part of
  its mission the preservation and creation of economic opportunity and lif
 estyle for its graduates.  The principal real estate development strategy
  currently being pursued by KS is an “urban strategy” to take advantag
 e of investment and development opportunities at and around transit stops 
 planned for Honolulu’s fixed guideway rapid transportation (HART) projec
 t currently under construction from its second city\, Kapolei\, near Pearl
  Harbor\, to downtown Honolulu.  KS is developing regional partnerships w
 hich will provide for affordable housing and infrastructure as well as com
 mercial development.  Giving its assets and nonprofit status\, KS can wel
 l afford to continue to play a “long game” in developing its considera
 ble real estate holdings\, particularly on Oahu (Honolulu).”\n\nDavid Ca
 llies\, FAICP\nScribe/historian
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CATEGORIES:Events
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