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Ambercrombie praises sale of Lanai to Oracle CEO Larry Ellison

MEDIA RELEASE

Landowner Castle & Cook has filed a transfer application with the Public Utilities Commission.

Castle & Cook owns 98 percent of the island’s 141 square miles. The buyer is Lawrence Ellison, co-founder and chief executive officer of Oracle Corporation.

Gov. Neil Abercrombie released the following statement:

“It is my understanding that Mr. Ellison has had a long standing interest in Lanai. His passion for nature, particularly the ocean is well known specifically in the realm of America’s Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally notable.

“We look forward to welcoming Mr. Ellison in the near future.”

Sen. J. Kalani English responds to the sale of Lanai

It has been announced that landowner Castle & Cooke has filed a transfer application with the Public Utilities Commission. Castle & Cooke owns approximately 97 percent of the island of Lanai.

The buyer is Lawrence Ellison, co-founder and chief executive officer of Oracle Corporation. In learning of today’s sale, Sen. J. Kalani English (District 6- Hana, East and Upcountry Maui, Molokai, Lanai, and Kahoolawe) offered the following remarks:

“First and foremost I would like to express my appreciation to Mr. Murdock for his efforts in sustaining the island over these past two decades. His compassion and commitment the community of Lanai have not gone unnoticed.

“Over the past year, the uncertainty of the potential sale has left many on the island and in the State concerned about its impact on residents. With this stated, I am pleased to hear of the sale between Castle & Cooke and Lawrence Ellison.

“I look forward to new ownership under Lawrence Ellison and I am interested in learning more about his vision. I also look forward to the transition in owners and to a healthy and vibrant Lanai community once again.”

English currently represents the island of Lanai under Senatorial District 6 – Hana, East and Upcountry Maui, Molokai, Lanai, and Kahoolawe. He also represented Lanai as a councilman 1997- 2000.

2 Responses to “Ambercrombie praises sale of Lanai to Oracle CEO Larry Ellison”

  1. vet2640 says:

    Seems like Mr. Ellison’s primary goal is to transform the island of Lana’i into one of America’s Cup Racing facilities, a whole island, can you imagine that? Jobs, for the locals?, bottom of the tier at best. His, “record of community involvement in medical research and education causes”, secondary goals at best.

  2. Daniel says:

    How does anyone have the ability to own an entire county in a state? One person effectively owns 1/7th (of the populated islands) in the state. How much power does that give him over the political process?
    Why hasn’t the state used it’s eminent domain powers to take bake its territory?
    Ni’ihau is another island that should be back under the state, not privately owned.
    What’s next? Molokai? Or, if there is someone rich enough, Maui or the Big Island?
    When one person can own so much of the state, the state is actually more a territory or a third world country.

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