Tiki Central / Locating Tiki / Coco Palms Resort Hotel, Kauai, HI (Hotel)
Post #794090 by AceExplorer on Tue, Mar 26, 2019 9:56 PM
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AceExplorer
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Tue, Mar 26, 2019 9:56 PM
Bummer for tourism, but excellent news for all the folks who opposed this project. But the real problem, if the local government takes over the property, is that it will become a tax burden. Costs to demolish and clean it up, plus re-development into a park and then ongoing maintenance costs, must be offset with some sort of revenue. On an island which already offers a ton of park-like paradise, it may not make sense to do anything with it other than demolition, clean-up, and let it revert back to wild land. |