Jeff Stone, a Hawaii developer, has announced that he plans to sell the Makaha Valley Country Club to Pacific Links Hawaii for an undisclosed purchase price. This news is being met by mixed reaction from the community. In 2010, Stone had stated that he was going to donate the same property to Kamehameha Schools and the state Department of Hawaiian Home Lands for education and affordable housing. Jeff Stone was quoted on April 2010 as saying, “This is a pure gift to Kamehameha Schools and DHHL with no strings attached. This will change the lives of future generations of this community.” However, the contract was not legally binding and several months later, Stone told the Department of Hawaiian Home Lands and Kamehameha Schools that he was canceling his agreement.
Source: Honolulu Star Advertiser, 3-31-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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