It has new owners, but any future development awaits Supreme Court
Turtle Bay Resort officially came under new ownership when lenders took title to the property last week, but the change will do little to create more certainty for the future of the 858-acre resort on Oahu’s North Shore.
The big question hanging over the property is whether the consortium of lenders that took back the property from Oaktree Capital Management in lieu of foreclosure will carry through on a 24-year-old development plan to build thousands of additional hotel and condominiums units.
More at Pacific Business News
Sunday, March 07, 2010
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