When any developer goes to pick up their building permits, they must pay 27,000 dollars per unit to be built  in 'park fees', as well as other infrastructure fees. The developer also has the option of of trading 500 sq. feet of land  per unit, to be used for parks (1200 credits equal 32 mil or 15 acres). If the developer makes a deal with the county where the amount of land traded is greater than the park fees due, the balance become 'park credits' to be utilized in the future. Fleming beach park is an example of a trade done for park fees from the old Kapalua Bay Hotel, some thirty years ago. (in the case of a hotel, each room counts as a unit) Maui Land and Pine is willing to trade 1200 park credits for the 287 acres that includes punalau, lipoa point, and honolua valley floor, (makai of the highway)

This is a substantial discount when you consider they only have to give us 15 acres to satisfy the law. The park credits would be used primarily in Kapalua Mauka, which has already passed the county council. in addition to the park credits, mlp also wants some zoning enhancement in kapalua mauka to allow a 60 room 'boutique hotel' and an exception to the tvr rulings in mauka resort. They may be asking allot here but they are also offering allot. In addition to the 287 acres to go into a land trust, mlp will voluntarily give up the development rights to 3,000 acres of land including their holdings in honolua and honokahau valleys, and the shoreline from Punalau all the way to Nakalele point. Without this conservation easement, there could be houses on the shoreline all the way to Nakalele. (See map) To me, this is a golden opportunity and we should not pass on this 'deal'