01-30-2014, 06:56 AM
So, Wyland takes over Naniloa Resort from Fujiyama and Fujiyama's next project is expanding Pohoiki? Puna is always good for some chuckles along with the disbelief. There sure is a lot of real estate intrigue around here. That resort in Oceanview filed for a $500 million bankruptcy. That is half a billion dollars supposedly lost there. Then there is the Leyman Brothers land down south that is a failed development effort and it is in trouble. Nobody in their right mind is going to develop south of Orchidland when the probability of Hwy 130 being crossed over by lava is when, not if. Going down 137 to Kalapana, all those lots, one development after another, planned communities, that are never going to happen. When people throw around that 55,000 residential lots in Puna number, that fails to exclude a fair percentage that will never be occupied. If the continuous flow continues for many more years, the number of lots for development are going to decrease as they are covered over with lava.
"This island Hawaii on this island Earth"
"This island Hawaii on this island Earth"
*Japanese tourist on bus through Pahoa, "Is this still America?*