02-25-2009, 04:03 AM
How about 5-10 years down the line[?]
How about the construction and service jobs[?]
How about the infrastructure the developer will have to put in for the right to build[?]
Great questions, Scott.
If I had the ability to peer 5-10 years into the future I'd be a rich man.
I'd love to see more jobs created, but when I see Keauhou Resort on the brink of foreclosure, Waikoloa struggling with record low occupancy rates, local opposition to the project (rational or not), not to mention vog and the inevitable eruption of Mauna Loa, then investors would indeed have to have a high tolerance for risk to pull the trigger on this one.
If it were YOUR money, do you have the risk tolerance to peer 5-10 years into the future and put your money on the line in light of current conditions? It would be way too rich and risky for my blood. Unless, of course, the government would agree in advance to bail me out in the event of failure ;-)
Tim
Tim
A superior man is modest in his speech, but exceeds in his actions--Confucius
A superior man is modest in his speech, but exceeds in his actions--Confucius