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An economic boost for Lanai


POSTED: 01:30 a.m. HST, Jan 29, 2013

~~<p>Billionaire Larry Ellison has called Lanai his &quot;little laboratory&quot; but it is looking more like a new era of sustainable growth for its residents and the island's role in Hawaii's tourism market. Skeptics have reason to accept Lanai's new owner as committed to enthusiastic business changes and significant improvements of health care and other aspects of living there.</p>
<p>Ellison, the co-founder and chief executive of software giant Oracle Corp. with a net worth of $41 billion, can well afford the advancement. Maui Mayor Alan Arakawa calls the plans &mdash; outlined in resident meetings last week &mdash; &quot;probably the best thing that could have happened to the island,&quot; while he said previous owner David Murdock &quot;was allowing it to deteriorate.&quot;</p>
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Billionaire Larry Ellison has called Lanai his "little laboratory" but it is looking more like a new era of sustainable growth for its residents and the island's role in Hawaii's tourism market. Skeptics have reason to accept Lanai's new owner as committed to enthusiastic business changes and significant improvements of health care and other aspects of living there.

Ellison, the co-founder and chief executive of software giant Oracle Corp. with a net worth of $41 billion, can well afford the advancement. Maui Mayor Alan Arakawa calls the plans — outlined in resident meetings last week — "probably the best thing that could have happened to the island," while he said previous owner David Murdock "was allowing it to deteriorate." Login for more...



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