HI HR103

Requests the Hawaii Interagency Council for Transit-Oriented Development to establish a State TOD Investments Task Force to prioritize infrastructure funding in three State TOD priority areas: East Kapolei, Halawa-Stadium, and Iwilei-Kapalama on Oahu.

Task Force must determine priorities for funding and timing of infrastructure investments identified in the 2020 TOD Implementation Study for the three priority areas.

Task Force must develop a financing plan using value capture and cost recovery mechanisms to offset State investment costs in priority TOD infrastructure projects.

Estimated regional infrastructure needs for the first ten years (2020-2029) in the three priority areas total $1,790,000,000 to support approximately 19,300 residential units, 4.9 million square feet of commercial/mixed use space, and other development.

Task Force must submit recommendations and findings to the Governor, Mayor of Honolulu, and Legislature no later than twenty days before the 2023 Regular Session convening.