HONOLULU — Hawaii Gov. David Ige says a new deal has been reached with Turtle Bay resort to preserve 665 acres on Oahu’s North Shore.
An agreement had been reached last year but it was in jeopardy because of concerns about the funding plan.
The new approach has the state backing $35 million in general obligation bonds, instead of $40 million in revenue bonds approved last year.
The resort will preserve most of the land through a conservation easement and the state will own 55 acres.
Legislative leaders have to approve the plan but they joined Ige at the press conference Thursday to show their support. That was a contrast to last year when then-Gov. Neil Abercrombie surprised lawmakers by announcing a similar deal at the end of the legislative session.