Home Page
KPUA Program Schedule
Election Coverage

Today's KPUA Program Schedule:
Click here for showtimes
& complete program lineup.


National News
World News
Sports
Business
Strange Reports
Entertainment
NCAA Tournament
San Francisco Giants
San Francisco 49ers
Oakland Raiders
University of Hawaii
ESPN
KWXX
B-97
KPUA
1145 Kilauea Ave
Hilo, Hawaii 96720
PH: 808 935-5461
FAX: 808 935-7761

Hilo, Hawaii News, Sports, & Information Friday, April 18, 2014



Back to Hawaii News index




Posted: Wednesday, December 11th, 2013 11:40 AM HST

Naniloa sale not a done deal. . . yet

By 67AM KPUA News

The sale of the Naniloa Volcanoes Resort may hit an 11th hour snag. A U.S. Bankruptcy Judge last month approved the sale of the 333-room hotel that sits on state land in Hilo to developer Ed Bushor and marine artist Wyland for $5.2 million. But the Department of Land and Natural Resources said it intends to appeal the approval to U.S. District Court on the grounds that assigning the land lease to the new buyer requires state consent under state law.

Bankruptcy Trustee David Farmer said U.S. bankruptcy law trumps state law in lease assignments in Bankruptcy Court. However, he said the buyers failed to fund the purchase in time to meet a Monday closing deadline, and that could threaten the sale. The buyers have since said that the purchase money has been sent and have asked for an extra week to complete the sale.



National News
World News

Sports
Business

Strange Reports
Entertainment