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This is all it really says: HONOLULU – Landowner Castle & Cooke has filed a transfer application with the Public Utilities Commission. Castle & Cooke owns 98
by GigabyteCoin 14y ago
This is all it really says:
HONOLULU – Landowner Castle & Cooke has filed a transfer application with the Public Utilities Commission. Castle & Cooke owns 98 percent of the island’s 141 square miles. The buyer is Lawrence Ellison, co-founder and chief executive officer of Oracle Corporation.
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.”
- Angostura 14y agoAnyone know who owns the remaining 2% and whether this places any restrictions on what Larry can and can't do with the island?
- hdctambien 14y agoIt looks like there is a town on the island. I would guess that he doesn't own that land.
- powertower 14y agoI wonder if it would be legal for him to erect a 20' high electric fence (with barbed wire on top) around the lands of the town, so they can't get out on his property.
- jojopotato 14y agoI would imagine that there is an easement agreement of some sort on the island for residents.
- afterburner 14y agoEven if it was currently allowed, I am 100% sure that if he tried it there would be outrage and the government would step in and stop it (and changes the laws to disallow it).