The Board of Land and Natural Resources gave the nod to a deal with Japan based developer Honey Bee that would privatize the harbor and generate money for the state.
The revised plans call for upgrading a fuel dock and boat repair business and building a restaurant, retail shops new restroom facilities, and a training area for national Kayak team, and two wedding chapels.
The project will in include for four building as part of the wharf development.
The Ala Wai habor hasn't changed much since the 1960's tv show "Gilligan’s Island” filmed it's opening season here.
When it is transformed, it will be called the Waikiki Landing.
"We are trying to get the project up and running by August of next year. It is steel construction, so this thing will come up very fast," said Keith Kiuchi, spokesman for the developer.
Kiuchi is optimistic the development will be 80% percent leased before the project breaks ground in January.
Once the project is up and running, it will generate a half a million dollars a year for the state.
Some boaters are scratching their heads over how two wedding chapels will fit with an active fuel dock and a boat repair business.