Kaiser Permanente Hawaii is currently in discussion with Moanalua Golf Club to purchase approximately 10 acres of the golf course which is located next to the Kaiser Permanente Poanalua medical Center and Clinic. Spokeswoman for Kaiser, Laura Lott, stated, “We plan to be in Hawaii for decades and decades to come so who can say what the needs will be in the future. We would continue to lease back the land to the golf club for use until they don’t need it anymore.” Eventually, Kaiser may decide to expand their Moanalua hospital and could use the additional land.
According to Moanalua Golf Club President, Stacy Higa, the club is under dire financial circumstances. Higa stated, “The only thing that’s motivating this is financially our club has been flat. It’s hard to attract new members. Everybody is just struggling. Revenue’s been on the decline the last few years. Part of the board’s willingness to even entertain this proposal is the opportunity to renovate and upgrade the facilities with the possibility to relieve some of our long-term obligations or debt. It’s a very complex deal. There will be some reconfiguration. Like anything else, you can’t take 10 acres out of a golf course and make it that much less. You have to do some redesigning. The board of directors of the golf club has looked at this as an opportunity to come up with a plan that’ll be beneficial to both Moanalua Golf Club and to Kaiser.” The members of the golf club will vote on this issue.
Source: Honolulu Star Advertiser, 5-23-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
