The university hopes to have completed the project by mid-2014.
The university is planning for everything from student lofts, to a sports center, to a mix of restaurants and retail.
"You don't have to stretch very far to come up with a very positive energy at that place," said Simmons.
The Aloha Tower Development Corporation said in its Monday meeting, board members have yet to see any proof HPU was involved in any questionable dealings to undermine Bushor or other partners.
Bushor has maintained he never wanted to be removed as manager or relinquish his share of the deal.
Bushor's attorney said the state should have waited until they get through arbitration or at least mediation before making any kind of decision.
Bushor and HPU are scheduled for mediation on January 28th.