Aloha Kakou:
Maui Land & Pine, which grows all of the pineapple on Maui and owns the Kapalua resort is in a very weak financial position, according to a report filed with the Securities and Exchange Commission on Monday.
The company has made some progress toward restructuring, including hiring Outrigger to manage their Villas condominium vacation rental program.
Just to shut down the company is expected to cost over $16 million.
http://mauinews.com/page/content.detail/id/527174.html?nav=10
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Thursday, December 31, 2009
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