A ‘bottomless pit’
For “insanity,” read the lastest round of promises and prevarications from the latest would-be developer of that sad site known as Coco Palms.
At a recent Planning Commission hearing, an applicant’s representative replied to a commissioner who reasonably asked why anyone would want to build on a site so enmeshed in controversy: “We are concerned for our investors.”
Really?
If the applicants were concerned for their investors, why would they advise them to sink money into an apparently bottomless pit, as others have repeatedly done over the past 30 years? By no stretch of the imagination can this be called sound business strategy.
How much more time, money, labor and energy will be lobbed into the Black Hole of Wailua before sanity prevails?
H.M. Wyeth, Anahola
