The University of Hawaii is expected to announce today that it has selected a private developer to design, build, finance and operate a more than $100 million film and television production studio planned next door to UH West Oahu’s campus in Kapolei.
A Honolulu City Council measure meant to give financial aid to eligible small businesses grappling with plummeting revenues due to rail-related construction has garnered little support from the city’s administration.
Introduced by Council member Augie Tulba, the measure would provide greater real property tax incentives for eligible film studio facilities to move here for those willing to spend at least $100 million toward local improvements.
The requested joint collection effort comes with a catch: that delinquent fines collected from Oahu’s traffic violators be retained and deposited into Honolulu’s over $2.3 billion general fund.