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MLP enters agreement to sell Kapalua Bay Course

September 30, 2010
Lahaina News
KAPALUA — Maui Land & Pineapple Company Inc. (MLP) last week announced that it has entered into a definitive agreement for the sale of The Kapalua Bay Course and maintenance facility to Hawaii’s TY Management Corp. for $24.1 million.

Under terms of the sale, which is expected to close before the end of September, MLP will enter into a lease to operate The Bay Course until March 31, 2011.

“We are pleased to be able to continue our relationship with TY Management to facilitate the sale of The Bay Course,” said Warren H. Haruki, chairman and interim CEO of MLP.

“With this transaction, we are able to consolidate the ownership of both Kapalua golf courses with an esteemed partner. We will continue to operate The Bay Course in a manner that has led to Kapalua’s worldwide recognition as the number one golf resort in Hawaii,” he continued.

“We have an established relationship with TY Management Corporation, which purchased The Plantation Course from MLP last year, and look forward to a long-term partnership at Kapalua for many years.”

Designed by Arnold Palmer and Francis Duane, the 6,600-yard, par 72 Bay Course opened in 1975.

In 2008-09, The Bay Course was upgraded with new TifEagle greens, laser-leveled teeing areas and improvements to its irrigation system.

Article Photos

The Rotary Club of Lahaina recently donated 350 pounds of fresh produce from Kula Fields to the Maui Food Bank, which currently serves as many as 10,000 adults and children. The fresh fruits and vegetables were gone the same day, as they are highly valued by those who rely on the Maui Food Bank’s services. Pictured (from left) with some of the freshest produce on the island are: Lahaina Rotary Club President Carmen Karady, Maui Food Bank Warehouse Manager Debbie Comilang, Rotarian Eric Van Ketel, Kula Fields Manager Roxanne Tiffin, Rotarian Mark Harbison and Maui Food Bank Driver Charles Heam. Karady noted that the Maui Food Bank looks forward to more fresh produce donations in the future. Comilang said, “People can eat healthier. They love the fresh produce. The money stays in Maui to support local farmers, and it’s easy to distribute. It’s a win-win for everyone.”

 
 
 

 

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