Maui - District tax could help fund erosion project
Council committee discusses levy on Kahana Bay owners
WAILUKU — A new county financing tool could be used to pay for a multimillion dollar project to restore the Kahana Bay coastline, which is being severely eroded by sea level rise, frequent storms and seawalls built to protect condominiums.
The Kahana Bay Steering Committee, which represents nine oceanfront condominiums and one kuleana parcel in the area, and the county Planning Department are looking at establishing a Community Facilities District to help fund the beach nourishment project, whose cost is now in the $19 million to $30 million range, according to information presented at a council committee meeting Monday afternoon.
The district would help fund the project through a special tax on property owners within its boundaries.
The county would sell bonds, with backing from the taxes, said Planning Director Michele McLean, who said the department “strongly supports” the financing tool.