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COMMUNITY COMMITMENTS

Economic

  • The development of the project is estimated to bring more than $30 million in direct development-related expenditures per year over the next six years. 
  • Thereafter, as construction proceeds, the project could infuse another expenditure of $60 million per year for the next 16 years in Hawaiʻi. 
  • The investment to complete Kumu Hou will create:
  • $1.2B in new investment on Hawai‘i Island

Jobs

  • Approximately 260-520 full-time equivalent (FTE) development related and construction jobs each year for the state of Hawaiʻi
  • Estimated 470 permanent full-time equivalent (FTE) direct jobs at buildout for the state of Hawaiʻi
  • Estimated 610 permanent full-time equivalent (FTE) indirect jobs at buildout for the state of Hawaiʻi

 

Tax revenue

  • Estimated $10 million per year in NET additional tax revenue to Hawai‘i County at completion
  • Up to $50 million per year in NET additional GET, TAT and other tax revenues to the State of Hawaiʻi during construction
  • Estimated $11 million per year in NET additional GET, TAT and other tax revenues to the State of Hawaiʻi at buildout

 

Affordable Workforce Rental Housing Units 

  • The first resort community on the Kohala Coast to prioritize development of affordable workforce rental housing units within the resort footprint
  • Construction of not less than 142 affordable workforce rental housing units for kamaʻāina

 

Cultural Center at the Parker Ranch Building

  • New life for an iconic community gathering place
  • Dedicated as a home for educational programing, perpetuation of cultural practices and the home for The Waikoloa Foundation

 

 A Unique Endowment – The Waikoloa Foundation 

A portion of each timeshare sale for the newly-proposed 900-unit project will be set aside to fund an endowment for The Waikoloa Foundation – a total possible contribution of between $40 – $50 million to be funded during the sales period for initial transactions, expected from 2027 to 2042.

  • This unique commitment from Waikoloa Land Company will be a covenant that commits the future project developer to continue upholding this lasting promise to the community.
  • The endowment will ensure The Waikoloa Foundation’s efforts – toward education, environmental stewardship and culture – can continue in perpetuity, allowing the Foundation to expand its impact for the people of Hawai‘i Island long beyond the work of the Waikoloa Land Company.

Impact to date

  • Since its relaunch, The Waikoloa Foundation has supported organizations and initiatives that help strengthen the community and protect Hawaiʻi’s precious natural resources, including Keiki Heroes and the Waikoloa Dry Forest Initiative 
  • Dedicated to protecting and preserving Waikoloa, The Foundation is creating educational virtual field trips, aimed at helping keiki and visitors learn about the natural wonders of Waikoloa – all without leaving home or footprints
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