|3||3||Alexander & Baldwin|
|6||5||Maui Land & Pineapple|
|8||8||Maui Electric Co.|
|9||10||Wailuku Electric Co.|
Can you invest in traffic futures? If so, I’d buy now, because recent simulation of the Hawai‘i Superferry’s impact on Kahului put on by Maui Tomorrow and the Pacific Whale Foundation (PWF) suggests that anyone who enjoys seeing the Pu‘unene-Ka‘ahumanu intersection jammed up like a used car lot is going to love it when the big boat starts its daily runs. “We timed the traffic light cycles—three minutes elapsed between each green light cycle,” PWF President Greg Kaufman said in a release following the June 1 simulation. “Based on that, only about 60 cars per hour will be able to get off the Superferry—meaning it could take about two hours for the Superferry to offload [the projected daily complement of] 110 cars.” You know, Maui Land & Pineapple—based in Kahului, not far from the harbor—has sunk $1 million into the Superferry. Be a real shame if the Superferry meant company officials had trouble getting to and from work each day.
And bad news for Dowling Company, which recently bought into Makena and plans to considerably increase the size of the resort. A June 1 Pacific Business News story reports that hotel room occupancy levels are dropping at the same time room rates are rising. The biggest reason? “Hospitality Advisors [a Honolulu research firm] saw shorter average stays and visitors choosing accommodations other than hotels.” Yikes. There goes the neighborhood. MTW