BUSINESS BRIEFS
Gas cap to drop about 6 cents
Advertiser Staff
The maximum wholesale price for gasoline on O'ahu is expected to dip about 6 cents Monday to about $2.02 a gallon excluding taxes for regular grade, according to Advertiser calculations.
The state Public Utilities Commission will release the official price cap numbers today, based on Mainland wholesale prices from the past five working days. The cap is set weekly and covers the period from Monday through Sunday. The caps only set wholesale price ceilings. Retailers can still charge what they wish at the pump.
KAPOLEI TO ADD 1,150 HOMES
D.R. Horton, Schuler Division, has acquired 135 acres of land in Kapolei from Campbell Estate and will develop the area into nine neighborhoods with an estimated 1,150 single- and multi-family homes, the homebuilder said today.
Some 350 of the homes are expected to be offered as affordable homes under city guidelines. The area is named Mehana, the Hawaiian word meaning "warmth of the sun." The development will include neighborhood parks, recreational facilities and commercial space. The first homes are expected to be completed in 2008.
D.R. Horton and Campbell Estate also have teamed up to contribute land and cash for a site for a new elementary school in the area.
MORE JAPANESE WATCH MARATHON
More than 2.7 million Japan households watched a delayed broadcast of the 2005 Honolulu Marathon, a 6.7 percent increase over last year, according to marathon officials.
The Tokyo Broadcasting System aired a 55-minute tape of the marathon Jan. 9. Viewership of the marathon has increased by 519,924 households since TBS began airing the marathon in 2003, marathon officials said. The highest viewership was in the Kanto area of Japan, which includes the Tokyo metropolis and six other prefectures.
FIRM PICKED TO RUN QUARRY
Grace Pacific Corp. has chosen Tri-L Construction Inc. to operate its Manawainui Quarry on Moloka'i.
The quarry has been in operation since the 1950s and supplies aggregate and ready-mix concrete products on Moloka'i. Grace Pacific acquired the facility in 1995 and will continue to operate its own asphalt plant on the property.
