AGP Executive Report
Last update: 7 hours agoNative Hawaiian Housing: OHA and DHHL signed a tentative agreement to develop OHA land in Kakaʻako Makai, with plans for about 450 homes for DHHL beneficiaries and commercial space for OHA. Rail Spending: HART is advancing a proposed $651.8 million FY2028 budget, but review of possible Skyline extensions—estimated at $4.2 billion to $4.8 billion—was pushed to November. Business Investment: Amazon’s planned $500 million investment in Kapolei puts the area’s data-center growth in focus. Banking: First Hawaiian reported third-quarter net income of $63.7 million; deposits rose, while commercial real estate losses and downgrades drove a larger provision for credit losses. Jobs: Hawaiʻi’s unemployment rate reached 2.8%, a two-year high. Lahaina Recovery: ʻUlu o Lele marketplace is set to open Nov. 10, giving local businesses a place to return to Front Street.
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