Maui News

Lana’i Sold to Lawrence Ellison, Oracle CEO

June 20, 2012, 2:16 PM HST
* Updated June 21, 7:48 AM
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Lana'i, file photo by Wendy Osher.

By Wendy Osher

Mayor Alan Arakawa’s statement on the sale and further information on this developing story is available at the following direct LINK.

State officials have confirmed the sale of the island of Lana’i to Oracle Corporation co-founder and chief executive officer, Lawrence Ellison.

The deal was filed in a transfer application by current landowner, Castle & Cooke with the Hawai’i Public Utilities Commission.

Castle & Cooke’s David Murdock owns 98% of the island’s 141 square miles.

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Governor Neil Abercrombie today released the following statement:

“It is my understanding that Mr. Ellison has had a long standing interest in Lana’i. His passion for nature, particularly the ocean is well known specifically in the realm of America’s Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally notable.

“We look forward to welcoming Mr. Ellison in the near future.”

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