Kapolei:  A Real 21st Century City

Located only 20 minutes west of Honolulu International Airport, the master-planned city of Kapolei is the fastest growing area in the state of Hawaii. It is also the focal point for Oahu's future growth, with cutting-edge technology that is highly attractive to businesses involved in international trade and commerce. Investors are keenly eyeing Kapolei's tremendous growth potential.

Technologically smart and globally connected, Kapolei already enjoys a strong mix of business activities ranging from high technology, financial and healthcare companies to restaurants, retail, professional and personal services and entertainment. The city is centered about an 890-acre urban development that will ultimately provide 7 million square feet of office and retail space.

Of special note, Kapolei's mid-Pacific geographic location and state-of-the-art telecommunications infrastructure are very attractive to international companies wanting to do business with the U.S. mainland and Asia on the same business day. Here, the Kapolei Teleport is a unique asset that enables Hawaii to "see" North American satellites invisible to Asia, as well as Asian satellites not visible to North America. The result: Kapolei-based companies can reach widely separated global markets quickly and easily. Said Don Omura, Vice President of Total Resource Management, Inc.:

"Kapolei is the ideal platform for our entry into the Asian market, specifically China, Japan and Korea."

On the housing front, it was recently announced that 492 affordable homes will be built in Kapolei, beginning in July, 2006. The project is designed to help ease Oahu's shortage of rentals and for-sale homes. Governor Linda Lingle affirmed her Administration's commitment to create more affordable housing units:

"We are excited to move forward with this project in Kapolei," she said.

Also, in other Kapolei-related news, Ko Olina Resort & Marina recently announced its plans for a billion dollar development that will feature a world-class aquarium. The 642-acre resort will include a golf course and seven man-made lagoons. The aquarium will be situated on a 25-acre site. Its adventure lagoon will include both shark-encounter and reef-encounter programs.

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