High hopes for Lanai's new era

POSTED: 01:30 a.m. HST, Jun 22, 2012

~~<p>The decision by America's third-richest man to purchase Lanai from fellow billionaire David Murdock had been rumored on the island in recent weeks, but the announcement Wednesday raises many more questions than it answers.</p>
<p>Oracle Corp. CEO Larry Ellison's reputation for innovation and the deal's description in the purchase's application to the state provide some assurance that the new ownership will be enthusiastic. Should this deal go through, however, Ellison must be made aware, if he isn't already, that he is buying the public trust of all 3,193 residents of Lanai island, as well as a key component in Hawaii's future potential.</p>
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The decision by America's third-richest man to purchase Lanai from fellow billionaire David Murdock had been rumored on the island in recent weeks, but the announcement Wednesday raises many more questions than it answers.

Oracle Corp. CEO Larry Ellison's reputation for innovation and the deal's description in the purchase's application to the state provide some assurance that the new ownership will be enthusiastic. Should this deal go through, however, Ellison must be made aware, if he isn't already, that he is buying the public trust of all 3,193 residents of Lanai island, as well as a key component in Hawaii's future potential. Login for more...