Honolulu Mayor Kirk Caldwell and Governor Neil Abercrombie announced plans Tuesday for the Waikiki Natatorium War Memorial site.
They said an Environmental Impact Statement will be resumed. There are new plans to demolish the pool, move the historic arch and build a new beach area.
Caldwell and Abercrombie cited cost as a reason for this new plan. It will take $18 million to do the current plan versus nearly $70 million to renovate the historic site.
Officials say they will figure out where the money will be coming from at a later time.
KITV4 News reported in January that Mayor Caldwell intended to resume the Environmental Impact Statement that was quietly suspended under Mayor Peter Carlisle's administration. The city had been talking with the governor about the fate of the controversial historic structure.
Abercrombie was exploring the possibility of turning the salt water pool into a beach volleyball venue.
Tune into KITV4 News at 5 and 6 p.m. tonight for the latest developments.