WAILUKU – Three years after it banned using water from the Hamakuapoko Wells for human consumption, the Maui County Council is considering tapping the wells for emergencies.
The wells are contaminated with pesticides, but county water and state health officials have said treatment removes the chemicals to undetectable levels and makes the water safe to drink. Water Director Jeff Eng said Tuesday that if the council allowed the wells to be used as a backup during times of drought or other emergencies, it would allow the county to issue several hundred water meters from the Pookela Wells to residents who have been waiting for water Upcountry.
MLP, which owns 24,500 acres primarily in Maui, Hawaii, including 10.6 miles of ocean frontage with 3300 of lineal feet along sandy beaches, has fallen on hard times during the recession. The company recently reported a $54 million loss for the second quarter, which included more than $37 million in writedowns, $21.3 million of which represented a decrease in value of the Company’s investment in the Kapalua Bay resort. Clearly, the downturns in real estate prices and resort visitors has been a double whammy for MLP. The stock now trades at $6.22, down 79% from its 52 week high of $29.69.