The Maui 10
Who's the county's most powerful player?
January 31, 2008
STATE TO BUY HONOLUA BAY?
The state's pundits and politicos are still trying to figure out Governor Linda Lingle's State of the State Address proposal to buy the Turtle Bay resort on Oahu, which is good news for Maui Land & Pine. The clearer it gets that it's an odd/unusual/whacked out entirely idea for the state to get into the hotel industry, the more obvious it becomes that if Lingle's so hot to spend tax dollars on some kind of land acquisition, she should look no further than Honolua Bay. In fact, right after Lingle's speech The Maui News even quoted a few local officials like state Representative Angus McKelvey who said it just made sense for the state to buy the bay off ML&P. And I'm sure the company would get a good price, too—you think they'd settle for condemnation or even seizure under eminent domain? Hell no.
|2||2||Alexander & Baldwin|
|4||4||Maui Electric Co.|
|7||9||Maui Land & Pineapple Co.|
|8||7||Wailuku Water Co.|
HT BAD NEWS
As if things weren't bad enough at the Carlyle Group-owned Hawaiian Telcom, the Honolulu Advertiser reported that on Jan. 24 the company sacked "50 to 60 managers." The reason: "cost-cutting." What's worse is the company has gotten rid of 100 employees "across various segments of the business" since October. That, as they say, will leave a mark. MTW
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