Originally Posted by
HaleiwaFlyer
No self employed or small business owners are going to wait for an indefinite unknown time frame to reopen/rebuild. Retirees will be long gone from this world by then, and young individuals will need income. With high interest rates, restarting a business is tough.
Only high wealth, institutions, or generational land ownership people will continue to wait. Hence Lahaina will see consolidation to the wealthy.
Did the town sit on leased land or fee simple land? Ultimately I don’t see Lahaina falling into off island wealthy investors, there still is a town there, a municipality, and that needs to be respected. The town can’t be rebuilt as it once was, but I can’t see anyone allowing it to fall into the hands of developers building more resorts or private residences.
It could take a year or more just for the conversations to happen on future use and rebuilding plans.