Opposition Against Grand Wailea Expansion

Residents spoke out Tuesday against expansion of the Grand Wailea. Residents are concerned over, among other reasons, the potential disturbance of possible ancient burial grounds, and the resident-to-vistor ratio being exceeded. The Grand Wailea has submitted plans to the Maui Planning Commission that would add an additional 224 rooms to the 776 room resort making it the second largest resort on Maui.

Also submitted in the proposal would be a new spa pool at Spa Grande, a new lap pool next to the Wailea Wing, a new family pool next to the Lagoon Wing, increase in the parking garage from 3 levels to 5 levels, and the removal of the Seaside Chapel. Other improvements include facade renovations, a new stairway in the Aqua Tower, renovations to the Hibiscus Pool area, renovations to the luau area, and additional public beach parking stalls.

Estimated cost for the project is $91.5 million with a 5 year estimated timeframe. The resort would remain open during construction. This would be the third renovation for the resort since being developed in 1991. The first taking place in 2008, and the second in 2014.

The plans are still waiting on a final decision by the Maui Planning Commission.

 

New Tax Rates Effective July 1st

County of Maui

REAL PROPERTY TAX RATES

2019 – 2020

(July 1, 2019 – June 30, 2020)

 

Real property tax rates are per $1,000 of net taxable assessed valuation

Homeowner/Main Residence

(After Homeowner’s Exemption) $2.90

Residential/Second Home

(Long-Term Rentals) $5.60

Apartment $6.31

Agricultural $5.94

Hotel & Resort $11.00

Commercial $7.39

Industrial $7.48

Conservation $6.43

Time Share $14.40

Commercial Residential $4.60

Short Term Rental $10.75

 

Suggested websites for more tax information:

http://www.MauiPropertyTax.com and http://www.MauiCounty.Gov

New Rental Car Facility In Kahului

Kahului opened the brand new Consolidated Rent-A-Car (CONRAC) Facility this week. The project is the largest single works project on Maui.

CONRAC took three years to build and has created hundreds of local jobs. No taxpayer dollars were used in the $340 million project. All the money was raised via car rental customers. The CONRAC has all the major car rental companies in one location. The structure is over 1 million square feet and is being praised for its esthetically pleasing appearance.

A new free tram will shuttle passengers from the airport to the CONRAC. A roundtrip on the tram will take approximately only 6 minutes.  The Kahului Airport rental car industry generates the most funds of all the Hawaii rental car facilities. Daniel K. Inouye Airport in Honolulu is scheduled to complete their CONRAC facility in 2021. Travelers and locals alike will appreciate the reduction in traffic congestion.

Median Home Prices Set Record

Single family home prices set a record according to the Realtors Association of Maui. In April the median sale price was $819,500. This is the first time since 1993 that median prices have broken the $800,000 mark.

Kapalua had the biggest home sale in April at $3.3 million, with the majority of home sales in Wailuku coming in at a median price of $702,290. Median condo sale prices came in at $440,000.  The most expensive condo sale came in Kapalua at $2.9 million. Largest number of condos sold were located in Kihei at a median price of $429,000.

Pending sales also increased for single family homes to 24.2%. with pending condo sales declining 4.8%. Both single family homes and condominiums had a decrease in days on the market. Single family homes decreased 22.3% and condos 12.1%.

Homes listed in competitive price ranges are the most attractive to buyers. Make sure to contact The Hansen Ohana with questions regarding buying and/or selling today!

Hawaii Small Business Conference

On May 8th and May 9th the 3rd annual Hawaii Small Business Conference will take place at the Maui Arts & Cultural Center.

Anyone interested in increasing their business knowledge, expanding their professional network, whether they are business owners, managers or entrepreneurs are encouraged to attend.

Wednesday presentations will include a full day workshop beginning at 8:00 am and running until 5:00 pm. On the agenda topics include success planning, tax strategies, video marketing, technology and much more. Thursday will have workshops on a parallel schedule running from 9:00 am to 12:00 pm and 1:00 pm to 4:00 pm. Topics include Tools to Grow my Community and Business, Essential Systems for Small Business Success, and Intellectual Property and Branding.

This event is presented by the Maui Economic Development Board with the support of the County of Maui Office of Economic Development.