The National Park Service has acquired a 1,952-acre oceanfront property in Ka‘u from a Florida real estate developer.
The $1.95 million purchase by the park service of the “Great Crack Property” from Joseph Gillespie III is the last piece of a settlement between First Citizens Bank of Raleigh, N.C., and Hilo businessman Ken Fujiyama and his Ken Direction Corp. to settle the bank’s foreclosure claim concerning a defaulted mortgage on the then-Naniloa Volcanoes Resort.
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