Heard on the radio yesterday that beach front properties valued at over
$500 million on Maui were sold for about $50 million. This might have
been the auction of the Maui Prince and Makena Resorts in Wailea after
Maui's wowee developer Dowling and Morgan Stanley gave up trying to
build their zero-waste sustainable complex.
What does this indicate? It is an indicator of what kind of cash flow is
available to those who have vested interest in existing infrastructure.
None.
