Another potential chapter on the horizon for the iconic Coco Palms Resort with an upcoming auction
HONOLULU (KHON2) – What was once a bustling resort town filled with Hollywood’s brightest stars is now an empty building waiting for a new future.
âIt is well known that the property is in poor condition and could not become a hotel with its intention when Ms. Guslander had Coco Palms years ago since Hurricane Iniki,â said Mason Chock, vice president of Kauai County Council. .
Coco Palms will go up for auction on Monday, July 26, but it will likely be priced high – worth over $ 12.5 million.
“The building will have to be dismantled and the concrete is rusting,” said Felicia Cowden, Kauai County Council member. “It is no longer solid, so it will have to be dismantled so that whoever buys it will have to rebuild it.”
There were signs of hope for the monument recently with plans to bring the hotel back to its glory days. However, a deal broke down with the developers, resulting in the foreclosure and now the auction. The 12.5-acre property is licensed as a resort, but some would like it to no longer be a tourist attraction.
“If we think about where it is right now and with the climate change and the impact on the coastline that we’ve seen in the news recently, these are issues we need to think about and really put this into perspective. that it can and should be, âChock said.
âWe keep coming back as a place of healing for our culture and our community as a place of food production, restoration of the ancient loko i’a that is present on this property,â said Fern Holland, working group member. I Ola. Wailuanui.
Whatever the future of Coco Palms, officials hope the county and state will be part of the process.
âWe’ll see what happens. I know the auction is coming up and has gone through its foreclosure process and so now is the time to mobilize the community and see what can happen. am optimistic, âsaid Chock.
The auction will start on July 26. The property will be sold “as is” to the highest bidder.