Kaiholena North Purchased for $6.5 Million… How Come I Never Heard About This?

I may totally be off base here… but did I miss something recently?  I’ve been very busy… but geez!

I just took a look at the Public Access, Open Space and Natural Resources Preservation Fund Accounting report for July of 2010 that came from the August meeting and I seem to be caught off guard by a very large purchase that I haven’t heard of.

In December of 2009, the Preservation Fund had over $10 million in it after an accumulation of three years.  One month later, the fund was down to $4.4 million.

A quick look at the sheet shows that the purchase was the Kaiholena North Purchase.

I just haven’t heard anything about this in the last few years.  There was this preservation plan put forth back in 2005 so it does look like it’s a pretty important piece of property.

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