Kauai Real Estate, Island Air Sued By Wells Fargo, Kauai Visitor Spending Up

Kauai Real Estate SOLD and NEW listings Island Wide! Add comments

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Take a tour of unit #69 at the Kiahuna Plantation by clicking on this photo. This unit has been completely renovated and has gorgeous ocean views. Priced at $295,000 (LH) Call me for details Lynda Gill (RS) 808-346-0056

Kauai Real Estate Update
For a complete list of what has sold, new listings and what went into escrow for last week on the island of Kauai click here; Kauai Real Estate Update October 23 to October 30, 2017

My Poipu Beach real estate page has been updated, find out everything that has happened in the fee simple market place since January 1 of this year by clicking here; Poipu Beach Real Estate Current Market Analysis

I just listed a renovated 1 bedroom 1 bath Ocean View unit at the Kiahuna Plantation that hit a triple play in the view category! From the living room and the lanai you can see the ocean, twin bridges and the spacious lawn. With upgrades too numerous to list check out Kiahuna #69 listing or take the video tour on this blog. My Kiahuna Plantation page has been updated as well, click here to access the latest and greatest news; Kiahuna Plantation Current Market Analysis

Kauai Visitor Spending Up In September
Visitor spending increased 7.1% to a total of $12.56 billion through the third quarter of 2017 in Hawaii. Visitor arrivals increased 4.9% in the first nine months of the year to 7 million visitors.

Visitor spending increased in September on Maui, Kauai and the Big Island, but it declined on Oahu versus last September. All four Islands saw growth in visitor arrivals compared to a year ago. All four Islands posted visitor arrival and spending gains year-to-date.

Wells Fargo Sues Island Air For Entire Fleet
Making the headlines again, in not the best of ways, is Island Air. It was announced that Wells Fargo filed a lawsuit against Island Air in an attempt to get their 3 aircraft back. These three aircraft is the entire fleet for Island Air.

Wells Fargo is the trustee of Island Air’s three Bombardier Q400 turboprops. They filed the appeal to prohibit the Honolulu-based airline from using the three aircraft and to pay Ireland-based lessor Elix Assets 8 Ltd the $4.58 million it is owed. In the lawsuit, Elix claims the values of the aircraft – which are worth a total of about $75 million – are depreciating daily due to the airline’s “improper operation.”  Elix said Island Air, which filed for an emergency Chapter 11 bankruptcy protection a couple of weeks ago, has not paid rent or maintenance reserves since July.

Stay tuned, more to come on this.

South Shore Kauai School District Rezoning
Kalaheo families and students may be impacted by new school boundaries, and some are not happy about it.  The new boundary line proposed to start in the 2019-2020 school year will affect families in the Kalaheo community area, but not those in Lawai and Omao.
The current boundary line for families residing in Kalaheo is between Halewili Road and Kua/Koloa Roads. Historically, these families have had the choice to attend Kauai High School, Chiefess Kamakahelei Middle School or Waimea High School, Waimea Canyon Middle School.
If the new boundaries are established, projections for the 2019-2012 school year predict about 140 students will relocate from Chief Kamakahelei Middle School to Waimea Canyon Middle School, and about 130 will go from Kauai High School to Waimea High School.
Geographic exceptions can be requested for reasons of physical residence, siblings at same school, children of school staff, students with special needs, participation in athletics, and program study.

Kauai To Reach 50% Renewable Energy By End Of 2018
Kauai is expected to cross the halfway point toward a 100% renewable energy future at the end of next year, following the development of the state’s largest solar-plus-storage facility on its south shore.

Boulder, Colorado-based AES Distributed Energy announced earlier this week that it has selected SunPower Corp.’s Oasis Power Plant platform for its proposed 28-megawatt facility in Lawai. The site will also include a 20MW energy storage system that has a duration of five hours.

AES DE, a subsidiary of AES Corp., expects the project to be the largest solar-plus-utility scale battery system in the state, as well as one of the largest of its kind in the world. The power generated by the project, which is set to be operational at the end of 2018, will account for 11% of the island’s energy generation.

The facility, which is still in the permitting stage, is expected to displace 3.7 million gallons of diesel annually during peak evening hours, and bring the utility closer to its goal of 70% renewable generation by 2030. As of today, Kauai is at roughly 44% renewable generation.

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