The agreement on a proposed 98-acre mixed-use development in Honolulu that would include a new 25,000-seat stadium is being reviewed by lawyers ahead of a self-imposed Aug. 15 deadline.The state’s contract agreement with the Aloha Halawa District Partners, the developer of the New Aloha Stadium and Entertainment District (NASED) project, initially featured a June 30 deadline. But if the Aloha Stadium Authority votes to ratify the contract by mid-August as expected, demolition on the 50-year-old Aloha Stadium that has been closed since 2020 could begin by the end of the month.The state has appropriated $400 million for the new Aloha Stadium that will serve as the new home for the University of Hawaii football team and the Hawaii Bowl, according to the Sports Business Journal. The full stadium project is estimated to cost as much as $650 million, with the difference being paid by NASED with revenues generated from its development of the rest of the 98-acre site.”We’ve never been this close to executing an actual contract,” University of Hawaii Engineering School dean Brennon Morioka told the SBJ.