02-18-2018, 05:02 AM
“Is the intent of the proposal really to "effectively end vacation rentals on Hawaii Island," as one website laments? Not that I have read. Certainly none of the other counties has moved to ban all TVRs.”
Bill 108 has no procedure to transfer any TVR permit outside of a resort zone. No new TVR permits would be allowed under this bill. Over time, as properties change hands, this will have the effect of eliminating all TVRs outside of a few resort areas on the Kona-side.
There are currently 1000 hotel rooms on the Hilo-side and almost 7000 overnight visitors per day on average. If TVRs are eliminated, these visitors and their spending money and tax dollars will disappear.
Hawaii Island has 2% unemployment right now. Imagine the housing crisis if thousands of people reliant on this tourist industry start losing work because of the disappearance of tourism.
Bill 108 has no procedure to transfer any TVR permit outside of a resort zone. No new TVR permits would be allowed under this bill. Over time, as properties change hands, this will have the effect of eliminating all TVRs outside of a few resort areas on the Kona-side.
There are currently 1000 hotel rooms on the Hilo-side and almost 7000 overnight visitors per day on average. If TVRs are eliminated, these visitors and their spending money and tax dollars will disappear.
Hawaii Island has 2% unemployment right now. Imagine the housing crisis if thousands of people reliant on this tourist industry start losing work because of the disappearance of tourism.