It's about time...

Aikahi area residents have been complaining about the rotten odor from the Kailua Regional Wastewater Treatment Plant for decades. Bandaids have been applied from time to time, but FINALLY, the City & County has gotten serious about fixing the problem.

They estimate 18 months to completion. Even if the smell disappears, the stigma will cling to Aikahi Gardens condos for awhile. This might present an attractive investment opportunity. As happened with Crosspointe in Salt Lake, which was stygmatized by past termite issues, values stay depressed for awhile even after the problem is cured, but once word gets out to the brokerage community and home buyers generally that the problems are solved, price escalation begins.

For KHON's report, including video, CLICK HERE.