The Queen Emma Foundation no longer plans to raze all the structures for its renovation of the International Market Place and is working on new scaled-back plans, the foundation said yesterday.

The new plans call for renovation of the International Market Place and Waikiki Town Center buildings over the next two to three years, but exact details and a timetable still need to be worked out, said Mark Hastert, CEO of The Queen Emma Foundation.

"The Queen Emma Foundation plays a critical financial support role for The Queen's Medical Center," Hastert said.

"And changing conditions, including increasing costs in the construction and healthcare industries, along with other plans for the medical center, required that we reassess the development plans for the International Market Place. We have been studying several alternative approaches and came to the conclusion that a more moderate renovation program would better fit our current overall needs."

The original plan for redeveloping the nearly 50-year-old shopping bazaar had an estimated price tag of $100 million to $150 million.