07-26-2018, 06:22 PM
Ms. M - there were sugar subsidies in the day. Those subsidies were based on quantity of sugar grown to encourage sugar crops in the US. They went to AmFac who leased land from Shipman among others. There are no sugar subsidies in Hawaii today and Shipman never farmed so would not have been eligible. To jump from subsidies going to cane growers more than 30 years ago to Shipman or anyone else getting $2K/acre/month is quite a jump. I would change my mind on that if someone can show a document that shows otherwise.
I checked several lots in the Industrial Park, None of them belong to Shipman according to the tax records. Maybe Shipman owns some - but must not be many. A major advantage of buying there according to my friends - and looks like the property records demonstrate - is that they are fee simple. Industrial lots in Hilo are almost all leased because they belong to the State.
I checked several lots in the Industrial Park, None of them belong to Shipman according to the tax records. Maybe Shipman owns some - but must not be many. A major advantage of buying there according to my friends - and looks like the property records demonstrate - is that they are fee simple. Industrial lots in Hilo are almost all leased because they belong to the State.