Developers set to abandon proposed subdivision on Maui

Developers set to abandon proposed subdivision on Maui

WAILUKU, Hawaii (AP) - Developers of a proposed fast-track affordable housing development on Maui say they are ready to abandon the plan in light of ongoing opposition.

The Maui News reports that according to a Spencer family spokesman, their company MVI LLC cannot afford to continue fighting legal battles and they will not pursue the affordable development.

MVI LLC was developing a 257-acre project between the West Maui Mountains and Honoapiilani Highway. The project would include 58 affordable lots and 55 market-priced lots. Each property would sit on at least 1 acre.

Spencer officials say ongoing opposition over the proposed project's environmental assessment has left the family's development company MVI LLC with few low-risk options for the property.

Community groups in February won a preliminary injunction against the project due to environmental concerns.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.