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Legislators OK $20M to buy 270 acres from Maui Land

By Andrew Gomes

POSTED: 01:30 a.m. HST, May 07, 2013

~~<p>The state is prepared to pony up $20 million to buy a scenic stretch of coastal real estate from Maui Land &amp; Pineapple Co. to protect the area from possible development and shore up pension obligations of the financially struggling company.</p>
<p>Lawmakers approved $20 million of general obligation bond financing in the state budget as a capital improvement project to buy 270 acres north of Hono&shy;&shy;lua Bay at Lipoa Point in West Maui.</p>
~~

The state is prepared to pony up $20 million to buy a scenic stretch of coastal real estate from Maui Land & Pineapple Co. to protect the area from possible development and shore up pension obligations of the financially struggling company.

Lawmakers approved $20 million of general obligation bond financing in the state budget as a capital improvement project to buy 270 acres north of Hono­­lua Bay at Lipoa Point in West Maui. Login for more...



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