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*Major Announcement* Maui Short Term Rental Ban UPDATE

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Hawaii Real Estate
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Published on 25 Jun 2024 / In Entertainment

Link to Maui county planning commission meeting on June 25th ALL Day until 11PM Eastern and Hawaii Time until 6pm https://www.mauicounty.gov/ArchiveCenter/ViewFile/Item/31999 https://acrobat.adobe.com/id/urn:aaid:sc:US:86e70cf6-b6f5-47ce-826b-80cd81d1baac Support https://mvra.net/ mailto:planning@mauicounty.gov Dear Maui Planning Commission Members, I write to oppose the proposed short-term rental ban and request that you recommend its rejection. The detrimental impact of this bill is clear and unsupported by evidence of meaningful benefit. Please consider the following: 1. **Economic Devastation**: An independent study by Kloninger & Sims estimates a $1.3 billion hit to Maui's economy, with the loss of 7,800 jobs and significant tax revenue reductions. An earlier study by economist Paul Brewbaker also highlighted severe economic consequences, including the loss of 14,126 jobs and $137 million in annual tax revenue. 2. **Legal and Reputational Risks**: The bill would likely lead to prolonged litigation against Maui County, harm Maui's reputation, and discourage tourism, all while negatively impacting residents. 3. **Inappropriate for Affordable Housing**: Short-term rental properties, such as those in condominium communities, are unsuitable for affordable housing due to high association dues, special assessments, and maintenance costs. For example, annual dues at Kapalua Ridge Villas range from $19,148 to $30,264, making them impractical for affordable housing. 4. **No Planning Benefit**: Established resort areas that contribute significantly to local taxes and have not converted local housing to short-term rentals should not be included in this ban. These areas, compliant and professionally managed for nearly 50 years, support many local jobs and businesses. 5. **Local Economic Support**: Our vacation rental owners support hundreds of local workers and businesses, from property management and maintenance to local artists and restaurants. The proposed bill threatens these jobs and the economic welfare of our community. For these reasons, we urge you to recommend rejecting the bill and ensure no short-term rental ban is applied to resort communities which play a critical role in supporting West Maui’s economy. Respectfully, https://mauicounty.webex.com/wbxmjs/joinservice/sites/mauicounty/meeting/download/093f133047af41619be4d917b89abf54?protocolUID=f58ae8e8729f0e7971a9848cc18d61cd Supporting Lahaina fire survivors has never been easier. Make the switch today. Everything you need to know is right here : https://www.switchforlahaina.com/ Link to Maui county planning commission meeting on June 25th 9am Hawaii Time https://www.mauicounty.gov/ArchiveCenter/ViewFile/Item/31999 Consider Supporting Citizen Reporting of the Truth on Maui Visit http://www.TruthMaui.com Brokered by Real Broker LLC Merch http://www.EricWestMaui.com

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