Post #359001 by icebaer69 on Mon, Feb 4, 2008 8:18 AM

"...
January 28th, 2008
State senator proposes public purchase of shuttered Kauai resort

LIHUE, Hawaii (AP)
State Senator Gary Hooser is proposing having the state and some still undetermined partners buy Coco Palms Resort on Kauai's east side and convert it into a historic park.

Hooser, who represents Kauai and Niihau, introduced a bill requesting
the appropriation of $10 million for the purchase.

The resort has been close since Hurricane Iniki inflicted heavy damage in 1992.

Coco Palms Ventures bought the resort in March 2006,
planning a 220 million dollar development
to include 200 condos and 48 bungalows.

But the developer decided to put it up for sale in September
before the plans could get under way

Coco Palms was once inhabited by Kauai's Hawaiian royalty.
In the mid-1800s, it was home to the island's last reigning queen, Deborah Kapule.
..."
(kpua.net)