Molokai Ranch could sell off its 101 lots as residents wonder how the economy will fareStar Bulletin
30 March, 2008, By Gary T. Kubota
The next step for Molokai Ranch after it shuts down operations Saturday would likely be to break up its land holdings and put them up for sale, according to an environmental impact statement filed by the company for its stalled Laau Point luxury home development.
The company is not commenting about its plans. But the EIS outlines what Molokai Ranch saw as its options if it wasn't allowed to proceed with its plan to sell 200 luxury home sites at Laau Point.
The company envisioned breaking up the 60,000-acre ranch into 101 parcels and subdividing some of its land to create up to 1,500 2- to 40-acre lots....
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