The more than $200 million development would be located in a culturally and environmentally sensitive area.
Supporters say new limits are needed to increase the island's affordable housing stock, while opponents fear negative economic consequences.
The airport, which shut down for several hours, is scheduled for $120 million in upgrades this summer.
Growing Hawaii's economy is a critical issue that should not be ignored, notwithstanding the problems facing Maui, economists say.
The two airlines said the agreement would give consumers greater choice and set the foundation for growth.
Once Hawaii's top international tourist market, Japanese visitors are staying away from the islands amid inflated prices and a weak yen
Gov. Josh Green says he's sympathetic to those who aren't ready for the visitors to return but Maui and the state need the money they bring.
With West Maui's famous resorts set to re-open to travelers Oct. 8, local residents are telling their own stories to convince visitors to come back.
Officials say visitor demand to the Valley Isle is very low and Lahaina fire survivors will continue to be housed in area hotels as needed.
The idea is being considered as part of efforts to better manage access for popular tourist destinations on Oahu.