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.
Related Posts:If everyone who reads our story, who likes it, helps fund it, our future would be much more secure. For as little as $10, you can support the IWB – and it only takes a minute. Thank you. 918 views