Ko Olina Developer Foregoes $75 Million Tax Credit

Jeff Stone, developer of the master-planned Ko Olina Resort in West Oahu, says he is foregoing a previously authorized $75 million state tax credit. Stone and Ko Olina had received the credit, which was earmarked for the development of an upscale interactive aquarium to be built as part of Ko Olina. The credit, to be used over the span of 10 years, has not yet been drawn against. Stone says the aquarium components will still be developed, but as components throughout the resort.

Read more on

Suggested Articles

The main feature of this property will be the 18-hole Bill Coore- and Ben Crenshaw-designed golf course, Cabot Point. Read more.

In the wake of the Trump Administration’s decision to ban people-to-people travel to Cuba, OASIS Travel Network reports that it expects an uptick in travel to…

Brazil’s visa waiver program for travelers from the United States, Canada, Australia and Japan officially goes into effect today, June 17. More here.