Letter to the Editor for Saturday — November 29, 2003

• Sold out again?

Sold out again?

TRUISM: 1) Revenues, whatever the source, are always overstated. 2) Expenses are always understated. 3) Cut revenues 50 percent (at least) and double expenses to be realistic.

Next: Clear Title!!! Doesn’t exist.

Next: A negotiating chip; Time share is the throw away.

Next: Entitlements Game … They get them secured, then their financing doesn’t materialize and they have to sell off.

Another hearing on the proposed Kukui’ula Development in Po’ipu and still NO Financial Report has been produced by the ‘Arizona, Good For the Community, Good Guy Developer’ because they say It’s not their policy.

Still the Planning Commission hasn’t covered this base and doesn’t really seem too concerned about it; who (and how) will review and scrutinize a necessary financial statement if it does materialize? The planning commissioners?

The ‘Community Good Guys’ want to develop MORE million plus lots on land that was designated for $60,000 lots. They are requesting NEW ROADS be built FOR THEIR PROJECT, want MORE Agricultural Land re-zoned, another golf course, etc.

Sounds like the developer is Hustling the Hawaiian real estate to stress out the already stressed infrastructure to make big bucks selling off million dollar lots from drawings. As buyers put the money out for their homes (which are really architectural drawings at this stage) the developer gets his funding to start the project and so it goes — as he hustles the lot buyers, the project keeps going ahead. He gets rich and we get congestion, more pollution, garbage, higher prices, less access, etc. etc.

Even a Realtor testified against this project because our community needs are being ignored. Maybe Kusaka/Baptiste can tell us why.

There’s sound reasons this project could and should be denied in whole.

E. Dunbar

Lihu‘e