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“I look at this as a potential opportunity for us to get the new owner to look at Lanai in terms of an island that needs to work at sustaining itself,” he said. “Tourism cannot be the only economic engine on Lanai.”

Kahoohalaha’s family managed to hold on to some Lanai land. The 2 percent Ellison isn’t buying is owned by the state, county and private residents.

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Associated Press writers Jennifer Sinco Kelleher in Honolulu and Lisa Leff in San Francisco contributed to this report.