MLP leases 50 acres to State of Hawaii for wildfire-displaced temporary homes; administers $35.5M construction

MAUI LAND & PINEAPPLE CO INC

Leases ~50 acres at Honokeana, Napili, for five years plus construction time at no cost to the State.
State funds ~$35.5M for horizontal improvements; MLP administers construction at cost with no direct profit.
After lease, State removes vertical improvements unless MLP requests retention.
Land is part of a larger 1,377-acre parcel owned by MLP.

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