Guoco's Stewardship of Dilapidated Property Raises Red Flags6 March, 2008, The Molokai Dispatch
Photo: Star Bulletin
...MPL says they want to sell the land so they can take the money and "fix" the resort at Kaluakoi. My wife and I went to that sad, pathetic property hoping to play golf. Rather than the thriving resort we anticipated, we found terrible roads, boarded up condos - all of which indicate a rotting infrastructure. It will take years to upgrade this area. In my experience, large corporations that answer to stockholders have little regard for the needs or hopes of the local population. It's all about the corporation's bottom line.
MPL's business plan seems to be one of selling off the Ranch one piece at a time - until it's gone. Maintenance can only be deferred for so long. We stayed at the Camp at Kaupoa Beach and although great place and a wonderful staff, it was obvious that there was a lot of concern...
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