Larry Ellison plans to triple the size of tiny Lanai City and double the population First there was the worlds largest pineapple plantation. Then there were a pair of fancy resorts. As the principal industry on Lanai, neither was diversified and both proved financially unsustainable. The new owner of 98 percent of the island has a plan touted as both diversified and sustainable. That sounds good to many residents, though time will tell if the still-largely conceptual model lives up to its billing -- assuming the ambitious plan can be executed. Four areas on the 140-square-mile island are proposed for new industries and housing under the master plan envisioned by Larry Ellison, the software industry billionaire who bought Lanai two years ago and has called his plan for the island a model for sustainable enterprise. PREMIUM STORY: hsalinks/1mCxeEo
Posted on: Mon, 22 Sep 2014 17:45:01 +0000