MoUMay 19, 2026, 06:08 AM
Maui Land & Pineapple signs MOU with Maui County for asset sale
AI Summary
Maui Land & Pineapple Company, Inc. entered into a non-binding Memorandum of Understanding (MOU) with the County of Maui to negotiate the sale or lease of certain real property and water infrastructure assets in West Maui and Upcountry Maui. This initiative aims to enhance public water stewardship, increasing public ownership of West Maui's drinking water systems from 45% to 93%, and facilitate the development of much-needed housing. The agreement includes monetary and non-monetary consideration, such as water credits and land use support, with asset valuations to be determined by professional appraisals.
Key Highlights
- MLP signed a non-binding MOU with the County of Maui for asset sale/lease.
- MOU covers real property and water infrastructure in West Maui and Upcountry Maui.
- Aims to increase public stewardship of West Maui drinking water systems from 45% to 93%.
- Includes Honokōhau Ditch System, Puʻu Kukui Watershed, multiple aquifer wells, and reservoir sites.
- Non-water assets include Mokuʻula land, Kahana roadway, and land for Police/Fire stations.
- Assets to be valued based on professional appraisals; County initiated budget allocations.
- MOU provides water credits and land use support to facilitate housing development.
Price Impact
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