Defend Oahu Coalition has organized a rally to occur in front of Honolulu Hale/City Hall (530 South King Street) on Thursday February 22, 2007 starting from 9 am. They are calling upon the Mayor (Mufi Hanneman) to listen to the community and substantial opposition to the Turtle Bay Resort expansion plans. They are calling upon the Mayor to act.
The Turtle Bay Resort expansion plans were announced early last year among overwhelming opposition. Still, the parent company Oaktree Capital Management has pressed on with plans.
Oaktree is a $30 billion investment company. Oaktree's investment specialty is in markets where information for competitors is limited, sometimes known as "inefficient" markets. Such focus has been described by Business Week magazine as a vulture fund.
The Defend Oahu Coalition is a diverse group of community residents, environmentalists, activists and religious leaders all working together towards one goal: protecting communities on Oahu from the dangerous effects of large scale development. They believe that the beautiful North Shore is for all Oahu residents as well as visitors, and is committed to ensuring that it will continue to be a resource for generations to come.
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