31 March, 2008, The Molokai DispatchMolokai Properties Limited has been operating at a deficit for years – excluding land sales, more than $41 million between 2001 and 2007, according to the La'au Point Draft EIS (p.114).
Since 2003, financial support from MPL's parent company, GuocoLeisure Limited, seems non existent, as "GuocoLeisure Limited [will not fund] its subsidiaries [MPL] for operational needs" (p.115).
MPL operations for the past four years appear to have been supported only by real estate sales: "Between 2003 and 2007, MPL was able to sell enough land in order that it could fund its own operating cash requirements, capital needs, master planning, and entitlement costs" (p.115).
This appears to no longer be the case. The closing of Molokai Ranch indicates its operations are no longer self-sustaining,
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