ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Larry Ellison's Island of Lanai

Updated on June 26, 2013

He grew up in the south side of Chicago in a working class family. He was nothing special then and dropped out of college and lacking direction, he drifted from one job to another in his 20's. Now, 68, he grins when he thinks about his humble and nothing special youth and young adult years. He grins also because he is worth $40 billion!

The island of Lanai has 3,100 people living there. The island is well known for its tourist destinations and back in 1922, Mr. Dole, of Dole Pineapple, bought the island for only $1 million and turned into a pineapple producing island. In 1986, David Murdock bought the island because Dole pineapples were being grown elsewhere and cheaper. He wanted to make Lanai a tourist destination. During his tenure, Murdock's dream had issues because getting to Lanai was a 40 minute ferry ride from Maui or using the more unreliable air service. After he spent $700 million in island improvements, he had had enough and tried to sell it for $1.2 billion. Larry became interested in the island in 2012 when it was neglected and locals were angry about Murdock's plans. Larry bought the island for less.

Larry's plan for island is a combination of agriculture (growing mangoes and pineapple on large scale), vineyards and flowers to extract perfume. He wants to use use solar power to convert seawater into fresh water for irrigation purposes. For those working on these plantations, refurbished homes (out of the 1500 homes on the island, he owns 400 of them). In order to attract airlines, he plans to lengthen the runways and two have shown interest in flying there.

Larry has already done several infrastructure improvements to the main roads, city buildings, schools, parks. What Larry plans to do is to attract another 3000 residents for a total of 6000, all in hopes of improving the local economy. That will be no easy deal- a gallon of milk is $10 and a gallon of gas is $5.60. The locals are skeptical because they have been down this road a few times with other owners in the past and all failed. Larry is trying to make Lanai a tourist destination that is not like what Maui has become- congested, a small version of San Diego.

He has big dreams. He is planning a desalination plant that will produce 10 million gallons of fresh water daily, this is currently at 4 million. He is creating charging stations for electric cars. He wants to built a third hotel on it with 100 rooms at Halepalaoa and run some of it from solar energy. Currently, there is the Four Seasons at Manele bay that has gone extensive renovation.

Still, all these things may not change the economics of the island. Everything is shipped in. The only real industry is tourism and if Ellison does not even want a Maui-like destination, how will it sustain itself?

Larry got a great deal for the island- only $300 million!

Comments

    0 of 8192 characters used
    Post Comment

    • perrya profile imageAUTHOR

      perrya 

      5 years ago

      I agree

    • bankscottage profile image

      bankscottage 

      5 years ago from Pennsylvania

      Perrya, wasn't this the island that Bill Gates rented to get married on? I have been to Hawaii a few times and been to the major islands, but not Lanai. Larry may have to do a lot more to it to get me to want to go there.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)