High bid of $12M for 5,800 acres on Hawaii’s Big Island – Pacific Business News

Posted on June 13, 2013 by Russ Roberts

See on Scoop.it – PRG HAWAII NEWS WITH RUSS ROBERTS

The highest bid at a foreclosure auction for more than 5,800 acres of sugar plantation land on the Big Island was $12.2 million and now a confirmation hearing for sale of the WWK Hawaii Holdings land is scheduled for June 27.

Russell Roberts‘s insight:

The land involved is located in the Ka’u District. Back in 2006, a mainland U.S. group bought the former sugar cane land with the intention of making a high-end residential subdivision. That plan never materialized. Aloha, Russ.

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