KAILUA-KONA, Hawaii (AP) - Plans are underway to reopen a resort damaged in a 2011 tsunami.
West Hawaii Today reports (http://bit.ly/2bCcNUk) property owner Kamehameha Schools has agreed to a ground lease allowing work to start immediately on the 81.4-acre Kona Village Resort.
The resort is expected to reopen by 2019.
Officials say the tsunami took 20 bungalows off their foundations, ruined underground utilities and caused other damage.
A bank and investor lawsuit sought millions in loan payments while Kamehameha Schools filed for foreclosure against the management company.
Nine groups eventually joined the legal dispute.
The ground lease agreement was reached ahead of a Sept. 27 trial.
A Kamehameha Schools official says the agreement ends the legal issues.
Information from: West Hawaii Today, http://www.westhawaiitoday.com
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Hawaii News Now
420 Waiakamilo Road, Suite 205
Honolulu, HI 96817
Main (808) 847-3246
News (808) 847-1112