Maui County Mayor Alan Arakawa released a statement on June 21 regarding the sale of the island of Lana'i to Larry Ellison.
"First of all, I would just like to say how it has been an honor and a privilege to work with Mr. Murdock. His compassion for the people of Lana'i is to be admired and we wish him well in his future endeavors," said Mayor Arakawa.
"In terms of the new buyer, we can only say that we look forward to meeting Mr. Larry Ellison and hope that by working together with him and the state that we may be able to do good things for Lana'i and its people."
The County of Maui owns 195.98 acres on Lana'i with the assessed value of $7,939,700 and leases 21.43 acres from Castle & Cooke with the assessed value of $7,848,000.