Coco Palms Resort Hotel, Kauai, HI (Hotel) - Locating Tiki

B bamalamalu Tiki Socialite Joined: Mar 20, 2006 Posts: 1294	B bamalamalu Posted posted on Wed, Feb 24, 2016 8:47 PM Yeah, everything can be so complicated. I don't know that another developer is lurking at this point, but not everyone is in favor of the resurrection. Since it closed the area's become busier and the traffic gets pretty bad; a lot of people are concerned with how much worse that'll be once all those additional hotel guests come back. Plus, it's been an eyesore, rotting away, for almost 25 years and there's a certain sense of 'enough already, just tear it down.' Some hope the land could be turned into a park instead of another hotel. Here's another story from today with a few more details on the financing delays. Sounds like they changed the application to be for a different type of loan which would hopefully close sooner; but then they'd need a second construction loan later. http://thegardenisland.com/news/local/coco-project-still-alive/article_722b0a91-02b7-5e93-975f-421757f5a117.html

Yeah, everything can be so complicated.

I don't know that another developer is lurking at this point, but not everyone is in favor of the resurrection.
Since it closed the area's become busier and the traffic gets pretty bad; a lot of people are concerned with how much worse that'll be once all those additional hotel guests come back. Plus, it's been an eyesore, rotting away, for almost 25 years and there's a certain sense of 'enough already, just tear it down.' Some hope the land could be turned into a park instead of another hotel.

Here's another story from today with a few more details on the financing delays. Sounds like they changed the application to be for a different type of loan which would hopefully close sooner; but then they'd need a second construction loan later.

http://thegardenisland.com/news/local/coco-project-still-alive/article_722b0a91-02b7-5e93-975f-421757f5a117.html

Post #759657 by bamalamalu on Wed, Feb 24, 2016 8:47 PM