Molokai Ranch shutting down
From Times Wire Reports
Molokai Ranch said it would shut down most of its operations at the end of the month and lay off more than 120 workers.
The company blamed the move on community opposition to its plan to develop multimillion-dollar beachfront estates at Laau Point on the island of Molokai.
The company will close Molokai Lodge, the Kaupoa Beach Village, the Kaluakoi Golf Course, the Maunaloa gas station, the Maunaloa Tri-Plex theater and its cattle-rearing business.
Molokai Ranch also said it would cut off public access to the 60,000 acres it owns on Molokai -- roughly a third of the island.
