Kona Village Resort to lay off remaining employees - Hawaii News Now - KGMB and KHNL

Kona Village Resort to lay off remaining employees

File: Kona Village After 2011 Tsunami File: Kona Village After 2011 Tsunami

KAILUA-KONA, Hawaii (AP) - A nearly 50-year-old Big Island resort damaged by a tsunami in 2011 is planning to lay off its last employees with unclear prospects for reopening.

The Hawaii Tribune-Herald reported Tuesday that the chief executive of Kona Village Resort informed employees last week that their last day would be Sept. 17.

CEO Pat Fitzgerald told the newspaper that the lenders in charge of distributing insurance funds are unwilling to release the funds.

The resort built in 1965 sustained tens of millions of dollars in damage in the tsunami and was closed.

Fitzgerald says the contractor working on the project has left, and he's not sure what will happen next for the resort.

The resort sits on land owned by Kamehameha Schools, with more than 30 years left on its lease.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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