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Governor Statement on Lana'i Sale

Statement

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Date:
Location: Honolulu, HI

Landowner Castle & Cooke has filed a transfer application with the Public Utilities Commission. Castle & Cooke owns 98 percent of the island's 141 square miles. The buyer is Lawrence Ellison, co-founder and chief executive officer of Oracle Corporation.

Governor Neil Abercrombie today released the following statement:

"It is my understanding that Mr. Ellison has had a long standing interest in Lana'i. His passion for nature, particularly the ocean is well known specifically in the realm of America's Cup sailing. He is also a businessman whose record of community involvement in medical research and education causes is equally notable.

"We look forward to welcoming Mr. Ellison in the near future."


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