- Associated Press - Saturday, March 12, 2016

WAILUKU, Hawaii (AP) - Developers of a proposed fast-track affordable housing development on Maui say they are ready to abandon the plan in light of ongoing opposition.

The Maui News reports (https://bit.ly/1SIvQ0E ) that according to a Spencer family spokesman, their company MVI LLC cannot afford to continue fighting legal battles and they will not pursue the affordable development.

MVI LLC was developing a 257-acre project between the West Maui Mountains and Honoapiilani Highway. The project would include 58 affordable lots and 55 market-priced lots. Each property would sit on at least 1 acre.

Spencer officials say ongoing opposition over the proposed project’s environmental assessment has left the family’s development company MVI LLC with few low-risk options for the property.

Community groups in February won a preliminary injunction against the project due to environmental concerns.



___

Information from: The Maui News, https://www.mauinews.com

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide