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By%20the%20Numbers
Makena Resort Auctions and Hawaii Tax Collections

by Jacob Shafer

June 03, 2010

$55 million

Winning bid, made by Wells Fargo, for the Makena Beach and Golf resort at a foreclosure auction last week



$575 million

Amount developer Everett Dowling and Morgan Stanley paid for the resort in 2007



0.5 percent

Portion by which state tax revenues are projected to increase for the current fiscal year, which ends June 30



2.5 percent

Portion by which state tax revenues for the current fiscal year were projected to decrease three months ago



Sources: Hawaii Council on Revenues, Americanbankingnews.com, Pacific Business News