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What kind of assurances do we have that he won't develop it? Seems like the ONLY assurance is to have it under the state or federal park program. Note that th
by mceachen 14y ago
What kind of assurances do we have that he won't develop it?
Seems like the ONLY assurance is to have it under the state or federal park program.
Note that this was not public land -- it had been owned by the Hawaiian Pineapple Company and then Castle & Cooke, so this is not a public to private ownership transfer.
Wikipedia has the details: http://en.wikipedia.org/wiki/Lanai http://en.wikipedia.org/wiki/Lanai
- raintrees 14y agoI live in California, US and I keep seeing news paper articles warning each year that our State Government is short on cash and considering sale of State Land... I also read of the added costs of cleanup after the latest meth-lab/pot-farm bust finds terrible accumulated waste and in some cases, caustic chemicals left behind... Illegal operations have little incentive to be kind to the land.
- adventureful 14y agoIt's private property, why should you get any assurance? A state or federal park program is about as far away from an assurance as you could get. The feds and states sell off land all the time for development, and given the entire US Government system is bankrupt, that trend will accelerate.
- rdl 14y agoHe might develop some of it, but not intensively -- he's not going to build 100k condos or anything like that (why would he bother?). It's presumably going to be a high end/exclusive place for him, like Necker Island is for Branson.