Marriott has halted construction at its $1.4 billion Kauai Lagoons resort project, one of the largest Hawaii construction projects to be interrupted by the ailing national economy.
Starwood Vacation Ownership also has put a $304 million Maui time-share project on hold. Construction on the 1,010-acre Kukuiula project also on Kauai has been scaled back, and work on a new high-rise condominium in Honolulu was cut back considerably a couple of weeks ago.
The decisions to stop or slow work on some of the biggest private construction projects in Hawaii will add to the 36 percent decline in the dollar-volume of building permits in the third quarter.
Marriott notified contractors last week that all vertical construction on nearly 400 units planned for the 520-acre Kauai Lagoons project adjacent to the Kauai Marriott Resort & Beach Club would stop, but grading and infrastructure work will continue.
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