State Takes Lead on Banyan Drive Redevelopment in Hilo
Key Questions
What changes is the state implementing for Banyan Drive redevelopment in Hilo?
The state is assuming direct control of the project through the HCDA, representing a major policy shift for Hilo commercial real estate. Plans cover 63 acres and include $14M in demolition work, two hotels, and a commercial center.
What is the expected timeline for the Banyan Drive master plan?
A master plan is targeted for completion by mid-2027, which will trigger near-term demolition and planning activities. This timeline also signals upcoming development RFPs and land lease opportunities.
How can the public participate in shaping the Waiākea Peninsula master plan?
Community members are invited to join public input sessions to help guide the future of the Waiākea Peninsula, including the Banyan Drive area. Participation opportunities focus on informing the redevelopment vision and priorities.
State taking direct control of Banyan Drive redevelopment via HCDA is a major policy shift for Hilo CRE. 63 acres, $14M demolition, two hotels and commercial center planned. Master plan by mid-2027 means near-term demolition and planning work. Public engagement for Waiākea Peninsula master plan begins with open house Aug 10. Watch for development RFPs and land lease opportunities.