New 27-hole golf complex at the Kapalua Resort receives approval

KAHULUI, Hawaii -- Maui Land & Pineapple Company, Inc. (AMEX:MLP) has received final county zoning approval for Kapalua Mauka, a 925-acre master-planned resort residential and recreational community in the Kapalua Resort in West Maui.

ML&P now will proceed with its plan to expand the resort with the development of this community. The zoning change allows a mix of 690 homes and condominiums, five acres of commercial development and up to 27 holes of golf.

The community will include a mix of luxury home sites, villas and condominium properties in the midst of extensive open space, parks, trails, golf, a mountain adventure center and clubhouse amenities, officials said. Several villages will be sited to maximize open space and view corridors to the West Maui Mountains and the islands of Molokai and Lanai.

Sales are anticipated to commence in 2007 with complete development of the community estimated to take approximately 10 to 15 years.

The Kapalua Resort is a 23,000-acre, master-planned community set amidst a working pineapple plantation on Maui's northwest coast. The resort is known for its three world-class golf courses -- The Bay, The Village and The Plantation courses; 10 residential communities; two premier hotels -- The Ritz-Carlton, Kapalua and the Kapalua Bay Hotel; a villa rental program at The Kapalua Villas; a luxury home rental program called Kapalua Luxury Homes; a tennis complex; three white sand beaches; and a myriad of restaurants and shops.

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