Molokai Ranch Shutting Down Operations

MAUNALOA, Molokai (KHNL) -- One of the largest employers on Molokai is shutting down its operations.

Molokai Ranch plans to shut down at the end of March and will lay-off more than 120 staff.

Company CEO Peter Nicholas said the staff had been advised of the company's decision.  Nicholas said the decision is purely business.

"Unacceptable delays caused by continued opposition to every aspect of the Master Plan means we are unable to fund continued normal company operations," he said.

Operations to be shut down include the Molokai Lodge, the Kaupoa Beach Village, the Kaluakoi Golf Course, the Maunaloa gas station, the Maunaloa Tri-Plex theatre, cattle-rearing and the company's substantial maintenance operations.

Nicholas said the company will close all access to its property indefinitely.