{"id":1004053693,"date":"2011-09-07T12:43:07","date_gmt":"2011-09-07T20:43:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=15543"},"modified":"2022-12-07T05:45:32","modified_gmt":"2022-12-07T13:45:32","slug":"turtle-bay-resort-downsized-its-1985-eis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/turtle-bay-resort-downsized-its-1985-eis\/","title":{"rendered":"Turtle Bay Resort Downsized Its 1985 EIS"},"content":{"rendered":"<p>by Liviu Oltean, Associate Editor<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/08\/800px-Turtle_Bay_Resort.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-15544\" title=\"Turtle Bay Resort\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/08\/800px-Turtle_Bay_Resort.jpg\" alt=\"\" width=\"300\" height=\"224\" \/><\/a>After the Hawaii Supreme Court\u2019s ruling that Turtle Bay Resort must update their environmental impact statement (EIS) approved in 1985, Turtle Bay Resort has filed a supplemental environmental impact statement preparation notice (EISPN) on August 23, 2011, the <em>Pacific Business News<\/em> reports. The court\u2019s decision was sustained on the grounds that the original EIS didn\u2019t address environmental impact after 2000.<br \/>\nThe 1985 EIS stipulated the development of 2500 hotel units, 910 resort residential units, and 90 residential housing units. In the recent EISPN, the company presented five alternatives that will be subject of evaluation for environmental impact:<\/p>\n<p>\u2022 Full Build Out: 2500 hotel units, 910 resort residential units and 90 residential housing units.<br \/>\n\u2022 Reduced Density: 625 hotel units, 590 resort residential units and 160 residential housing units.<br \/>\n\u2022 Resort Residential Only: 0 hotel units, 454 resort residential units and 46 residential housing units.<br \/>\n\u2022 Kawela Conservation: 625 hotel units, 565 resort residential units and\u00a0160 residential housing units.<br \/>\n\u2022 No Action.<\/p>\n<p>The EISPN also stipulates the implementation of various measures that will mitigate the impact on the environment: reduced density of units, a shoreline trail, four oceanfront parks and shoreline setbacks that reduce the visual impact of buildings. Turtle Bay Resort chose the Reduced Density Alternative as the preferred one, greatly downsizing their initial project.<br \/>\nIn related news, Prudential Mortgage Capital, the commercial mortgage lending business of Prudential Financial Inc., recently granted a $137.8 million loan to Outrigger Hotels &amp; Resorts. The loan was secured by Outrigger Reef on the Beach, which has recently undergone a $113 million renovation. The loan was handled by Fred Van Overbeek, Prudential Mortgage Capital Co.\u2019s principal, and Elizabeth Velasquez, director of originations. \u201cThe hotel industry is in the midst of a recovery following a severe downturn, and Hawaii has enjoyed that recovery,\u201d van Overbeek said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Liviu Oltean, Associate Editor<br \/>\nAfter the Hawaii Supreme Court\u2019s ruling that Turtle Bay Resort must update their environmental impact statement (EIS) approved in 1985, Turtle Bay Resort has filed a supplemental environmental impact statement preparation notice (EISPN) on August 23, [&#8230;]<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004053693","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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