A groundbreaking ceremony for a new Target and Safeway store was held in Hilo on Wednesday. The new businesses will be built on land leased from the state Department of Hawaiian Home Lands.
With a combined cost reported at $60 million, the 120,000-square-foot Target and the 60,000-square-foot Safeway will bring an estimated 500 jobs to the area. The stores are slated to open in 2011.
The stores will be located on 15.5 acres leased from the state Department of Hawaiian Home Lands. Reports estimate the lease will generate $77.6 million for the DHHL.
The lot that will one day contain the two new stores sits across the street from Home Depot, which is also on land that was leased from DHHL. The Target will be behind Hilo’s busy Wal-Mart, which recently underwent expansive renovations.
Aired 2/10/2010 – Video by David Corrigan, voice of Tim Bryan