comscore ERS tees up plan to retool Maui golf investment | Honolulu Star-Advertiser
Editorial | Off the News

ERS tees up plan to retool Maui golf investment

  • Managers of the pension fund for state employees plan to add homes, a hotel, retail and restaurants at two Kaanapali Resort golf courses owned by the fund, as a way to increase the financial return on the assets.

Following two unsuccessful attempts to sell a pair of Maui golf courses (Royal Kaanapali and Kaanapali Kai) acquired from a company that couldn’t pay back a loan, the state’s Employees’ Retirement System is weighing a makeover plan that involves adding condos and a hotel while shrinking and reconfiguring golf space. Read more

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