The New York Times has swooped in and done a takeout on Lanai residents’ trepidation about Larry Ellison’s latest acquisition.
Our Landblog breaks it down:
Still no word from Larry Ellison in this story by the New York Times today on his purchase of Lanai: Tiny Hawaiian Island Will See if New Owner Tilts at Windmills.
From his handlers:
Mr. Ellison’s associates describe him as drawn by the romantic mystery of a secluded island and said it was unlikely that he would embark on any project that might alter its character. His assistants have told people here that he intends to do a major renovation on the two resorts, suggesting that he sees the island’s future in tourism, and described this as “a passion purchase.”