Good Monday Morning to you all and I hope everyone had nice weekends. For the last three weeks it’s picked up for our real estate. We’re seeing some good deals getting picked off and more offers being written. We are entering our busy time so this is not surprise. Please contact me for more information on buying or selling here on the Garden Island. For now; Here are last weeks listings and sales; click HERE
*****Governor Lingle Proposes To Buy Turtle Bay To Surprise Of The Resort*****
On Tuesday Linda Lingle stated she is proposing the state buy the Turtle Bay Resort which encompasses 850 acres on Oahu’s North Shore. Several ideas of funding this venture might be to sell the resort itself and keep the lands open for the public, sale of other state lands, a tax checkoff or a worldwide internet funding campaign. Lingle says that it’s important that the land be preserved and that the existing Turtle Bay resort and golf course continue to function. On Wednesday Nicola Jones said she was surprised to read of Governor Lingles proposal! While the financially troubled resort is facing severe opposition from the public on their expansion plans they are still open to discussions with Lingle and all others but are planning on moving ahead with their expansion plans. The resort is also facing a $250 million foreclosure lawsuit by its international lender Credit Suisse.
*****Tugboat Rescues Superferry*****
The “little tugboat that can” rescues the Kahulili Harbor on a daily basis from the Superferry to the tune of $1,200 an hour for three hours a day. During our winter weather it is being discovered that if the Superferry is left to its own docking devices damage is being done to the barge. The state and the Superferry are negotiating who is to pay for the tugboats, so far the state has been picking up the bill. The problem has been the states initial responsibility to provide platforms and mooring equipment for the Superferry which, once accepted, will be assumed by the Superferry. The investigation is whether that had been provided in the first place by the state. On a side note; the Kauai Chamber Of Commerce which is largely populated by small businesses ruled 79.5 percent in favor of the new mode of transportation saying it will help their companies.
*****Coco Palms Being Considered For Park Site*****
State Senator Gary Hooser proposed a bill that would turn the historic Coco Palms into a community park. The Coco Palms, once a historic landmark for Kauai (and a site used in Elvis’s movie Blue Hawaii) has remained shuttered and barren since hurricane Iniki in 1992. Attempts to re-vamp the resort has been made and shut down by public and city council opposition to proposed plans. This bill is a long shot but much welcomed by the people of Kauai. The bill instructs the State Land and Natural Resources Department to enter into negotiations with parties that might match funds and contribute developmental and operational expertise. Organizations such as Office of Hawaiian Affairs; the Department of Hawaiian Hamoelands; Kamehameha Schools etc. Gary Hooser had proposed a bill similar to this five years ago but it never got off the ground.
*****Major Car Accident Closes Kaumualii Hwy For 4 Hours*****
On Saturday a multiple car accident, which resulted in one fatality, separated one side of the island from the other for over four hours. The accident occurred near Wailua Golf Course at 3:15 and the highway was not opened until 7:40 that evening.