Elevating Hawaii’s Entertainment Landscape: The New Aloha Stadium Project
Victus Advisors conducts economic and fiscal impact analysis for the innovative Aloha Stadium & Entertainment District, propelling Hawaii’s cultural and economic growth.
Client
State of Hawaii
Sector
Economic Development & Urban Planning
Project
Economic & Fiscal Impact Analysis of the New Aloha Stadium & Entertainment District
Year
2021
Client Challenge
With plans to revitalize Hawaii’s entertainment scene, the State of Hawaii sought to construct a new Aloha Stadium and mixed-use entertainment district near Honolulu. Understanding the economic and fiscal implications of this endeavor was crucial for informing public-private partnership (P3) decisions and securing long-term sustainability.
Approach
Victus Advisors, in collaboration with RCLCO and Crawford Architects, conducted a comprehensive economic and fiscal impact analysis of the proposed master plan. Leveraging expertise in urban development, we assessed the potential ROI and long-term economic benefits generated by the stadium-anchored mixed-use development.
Benefits to Client
Through our rigorous analysis, the State of Hawaii gained invaluable insights into the economic viability of the Aloha Stadium & Entertainment District project. Our findings showcased a projected NPV of $1.8 billion in total output, along with the creation of 1,200 annual jobs and $200 million in state and county taxes. This data empowered stakeholders to make informed decisions and secure funding for the project’s successful realization, fostering cultural enrichment and economic prosperity for Hawaii.