Author Archives: The Hansen Ohana

Federal helping Big Island energy company

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An energy company on the Big Island will receive a $5 million loan guarantee from the federal government to help finish construction of a manufacturing plant in Kawaihae.The announcement was made Thursday in a Washington news release by Hawaii’s Democratic U.S. Sens. Daniel Inouye and Daniel Akaka.

Big Island Carbon’s $25 million plant will convert discarded macadamia nut shells into a product that can generate power, filter air and purify water.

Plans call for the company to buy about 10,000 tons of more than 20,000 tons of shells produced annually on the Big Island to convert into 1,000 tons of granular activated carbon.

Big Island Carbon will power its own operations. Any excess biofuel or gas will be sold on the island.

State collects $100M in unpaid taxes

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The Hawaii Department of Taxation says it has collected more than $100 million in taxes owed to the state through a delinquent tax collection program.The department applied computerized tracking technology to a database of businesses and individual tax filing records to identify companies and people who failed to file some or all of their required tax returns.

It carried out the program through a contract with CGI Technologies and Solutions.

ROB MC

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FOR GREAT NEWSLETTER AND UPDATES CONTACT:
Rob McCarthy @ rob@101loan.com
Thank you Rob for this great update! 

 

This week…The federal reserve decided to leave the fed fund alone as we expected.  In addition, news came out last week that Chinese factories stepped up production in August, which helped ease concerns of a double-dip recession in US.  Good news for us but still not enough to get the economy back on track.  As a result, as indicated yesterday, there is some speculation that the Fed will start buying mortgage back securities again to keep rates down and stimulate the economy.  While interest rates went up almost 2 weeks in a row, they finally came back down as a result of yesterdays news. 
 

In addition…Please see this quarters newsletter I just finished to include today’s rates for your review.  For customized rate quote or to get in ready position to purchase or refi, please contact me.
 

Have a great week!
 

BTW…see what clients are saying about me (http://www.yelp.com/biz/101-loan-campbell-2)
 

 

Maui Land & Pineapple selling Kapalua Bay Course

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Maui Land & Pineapple Co. is selling the Kapalua Bay Course to TY Management Corp. of Hawaii for $24 million.

Maui Land announced Wednesday that under the terms of the sale, which is expected to close before the end of September, it will enter into a lease to operate the golf course until March 31, 2011.

Last year, Maui Land sold the Plantation Course in Kapalua, home to the PGA Tour’s season-opening SBS Championship, to TY Management for $50 million.

Designed by Arnold Palmer and Francis Duane, the 6,600-yard, par 72 Bay Course opened in 1975. The course has hosted many golf tournaments over the years, including the 2008 LPGA Kapalua Classic.