Real Estate Market
The Real Estate Project is expected to be built out over time to respond to market demands. While fully building out NASED over 5 to 10 years may be attractive from a site and revenue perspective, there is likely not enough demand to support that approach. The best long-term value for the State of Hawai‘i and NASED, as a district, is expected to come from a longer-term build out.
Site Operations and Event
Another key driver for how NASED will be developed is the requirement to accommodate successful continued site operations and events, including the Aloha Stadium Swap Meet & Marketplace and car parking for stadium events. The Master Development Partner will be required to ensure that its development plans accommodate these functions, as a minimum.