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Developer files for bankruptcy again - Hawaii Business

Full story: Honolulu Star-Bulletin

Big Island developer Brian Anderson has filed for bankruptcy again -- this time for Anekona LLC, which defaulted on a mortgage for the Coconut Grove Marketplace on the Big Island.

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close hta

Honolulu, HI

Judged:

waaaay too many hotels and the profits all go out of state . then we gotta bail these guys out with tax credits etc.

Time for another plan involving a future for local people not involving licking tourist feet and a real education system.

Yikes

Ewa Beach, HI

Making money is no fun any more.

Kainoa

Honolulu, HI

Judged:

Who is this guy any. Another Sammy Amalu?

Aulani Cattle and Company

Pearl City, HI

Judged:

I feel for Brian, at least he tried, but I know he will bounce back and become a leader again in developing real estate for our Hawaii's communities!!
Angela Kaaihue Friends and Company

Laughing

Honolulu, HI

Kainoa wrote:

Who is this guy any. Another Sammy Amalu?

No way brother, Obama is currently handling that gig.

KonaBus

Hana, HI

Judged:

I don't feel any sympathy for him and Coconut Grove. It's been severely mis-managed for a long time. What once had the Hard Rock Cafe and many small, vibrant businesses is now half empty. Duh! Half empty for this prime retail area means THE RENTS ARE TOO HIGH! Simple. Get the rent to where local people can start and run businesses and you'll see less vacancies, more visitors, and, yes, in the end more revenue. It really seems like they'd rather stick to their high rents and bankrupt every business in the place.

omg

Honolulu, HI

This guy was stretched beyond hope all the properties he touched went in the crapper.

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