Aloha Stadium Plan Will Burden Taxpayers. Is It Worth The Risk? Officials hope that development surrounding a new facility could make up for the state’s $350 million investment. But national experts warn that similar projects have failed elsewhere.
Hawaii taxpayers may have to cover a bigger portion of the new Aloha Stadium’s construction costs than initially anticipated.
Sources of funding for the $350 million worth of public investment in the new stadium would put more burden on the state’s general fund, and therefore tax dollars, under a proposal moving through the Legislature, House Bill 1348.
It’s the latest attempt by lawmakers to transfer development powers over the 90-acre stadium site to the Stadium Authority, a nine-member board that oversees the stadium’s operations.
But the bill comes with an important change.
