English Looks Forward to Bright Future for Lana’iJune 21, 2012, 4:40 PM HST · Updated June 21, 4:42 PM 0 Comments
By Wendy Osher
Many in Maui County are eager to learn more about the billionaire buying the Hawaiian Island of Lana’i.
The purchase plans of Oracle CEO and co-founder Larry Ellison were made public yesterday.
Today, Sen. J. Kalani English, who represents the district that includes Lana’i (and also represented Lana‘i as a Councilman from 1997- 2000), released a statement saying:
“To the people of Lana‘i this transfer of ownership is much more than a business transaction. It is the livelihood of a community and of an island. As such it remains imperative that cultural and conservational values be maintained.”
After speaking with a personal representative of Ellison’s, Sen. English was encouraged, saying:
“I feel that he shares this same belief. And I look forward to meeting with him in the future, so that I can develop a better understanding of his vision. It is my hope that this new ownership is one which works with the community to foster a healthy and vibrant Lana‘i.”
The planned sale was made public in a transfer application filed with the Public Utilities Commission on Wednesday; but the transaction is still subject to final government approval.
Castle & Cooke, Inc., privately held by David H. Murdock, announced the planned sale of its Lana‘i assets to an entity privately- owned by Lawrence J. Ellison.
Castle & Cooke has owned nearly 98% of the island since 1985, building and maintaining various operations including: the Four Seasons Resorts Lana‘i; the Lodge at Ko‘ele; the Four Seasons Resorts Lana‘i at Manele Bay; two championship golf courses – The Experience at Ko‘ele, and The Challenge at Manele; and La Ola, a photovoltaic solar farm.
Sen. English shared his appreciation to Murdock for his efforts in sustaining the island over the years, saying that, “he hopes the community will see a bright future under its new ownership.”