BUSINESS BRIEFS
Isle gas prices up for 4th straight week
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The average price of a gallon of regular gas in Hawai'i rose to $3.29 this week, the fourth consecutive weekly increase, according to the AAA Hawaii Weekend Gas Watch.
The statewide average price was up 4 cents a gallon from a week earlier and 17 cents from a month ago.
In Honolulu, the average price was $3.18 a gallon, up 3 cents from a week ago and 15 cents from a month ago.
The average price in Hilo was $3.31, up 7 cents from a week ago and 25 cents from the same time last month.
In Wailuku, the average price was $3.68, up 3 cents from the previous week and 21 cents from a month ago.
UH SUED OVER DEVELOPMENT CONTRACT
A dispute over development of the Cancer Research Center has spilled over into state Circuit Court, with Townsend Hawai'i LLC suing the University of Hawai'i for breach of contract.
Townsend this week filed a lawsuit alleging UH acted in bad faith by repudiating a contract the developer said it had to develop a $200 million facility in Kaka'ako.
Townsend said it was selected as the project's developer in 2005 and that it had conducted studies, helped with planning and negotiation of a ground lease on the property next to the John A. Burns School of Medicine.
The lawsuit alleges UH sent a letter to Townsend in April saying the developer had no rights to develop or construct the center. It followed that up on June 3, with another letter telling Townsend it had terminated contract rights.
Townsend, which had originally pursued the dispute through the state Office of Administrative Hearings, is asking for damages, including lost profits, and other relief.
MADE IN HAWAII DRAWS RECORD CROWD
The First Hawaiian Bank's Made in Hawaii Festival drew a record 37,800 people at the three-day event last weekend at the Neal S. Blaisdell Exhibition Hall.
The event also set a record for number of exhibitors at just under 500, organizers said.
"We are very proud of this year's outcome and grateful that the public continues to support Hawai'i's businesses despite the current economic situation," said Richard Botti, president of the Made in Hawaii Association.