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Maui County
The Maui 10
Who's the county's most powerful player?
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December 15, 2005
RANK PREVIOUS COMPANY
1 2 Hawaiian Telcom
2 4 Monsanto Hawai'i
3 1 Maui Land & Pineapple
4 6 Harry & Jeanette Weinberg Foundation
5 5 Maui Electric Co.
6 3 Alexander & Baldwin
7 7 Trex Enterprises
8 8 Dowling Co.
9 9 Makena Resort
10 10 Hawaiian Commercial & Sugar Co.
Huge upset this week as Hawaiian Telcom—still a wholly owned subsidiary of defense contracting giant Carlyle Group—finally slides into the top spot in front of Maui Land & Pine. It was MLP's battle to lose, and it did last week when the Maui County Council Land Use Committee voted to eliminate 250 of the company's 690 proposed Kapalua Mauka timeshares. And over on Oahu, Alexander & Baldwin has pussed out on its massive Waikiki project, dumping one of its three proposed condo towers in the face of public opposition. And the Weinberg Foundation, which owns a whopping $1.044 billion in Hawai'i real estate (according to the November 2005 issue of the magazine Hawaii Business) moves up two notches because, well, they haven't done anything lately. MTW
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