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by asdff
18 days ago
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I looked into it because I was curious. Apparently state of Hawaii has owned the 2% for some time, maybe 100 years. Ellison bought the land directly from murdoch who owned the holding company that owned Dole and the 98% portion. So Unfortunately for Hawaii they didn't really make anything off Ellison buying the vast bulk of the island. Maybe in some taxes when it was sold perhaps. Also, Hawaii, going back to the territory days 120 years ago, did not have authority to sell the whole thing either. There was a cattle rancher who owned half of it and he wanted the other half, and he worked out a land exchange deal to secure nearly the whole thing without having to do a sale and work around the hawaiian organic act. |
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