Monday, October 8, 2012

Japanese billionaire Gensiro Kawamoto is turning 5 oceanfront Kahala lots into his own personal statue garden.

The controversial billionaire, who owns several dozen homes in the neighborhood, has been under constant criticism for his handling of his properties. Located in one of the most coveted neighborhoods on Oahu, his Kahala homes are often found in various stages of dis-repair. How did this happen? Kahala land owners stole the land from the original Bishop Estate Land Trust through legal maneuvering. Bishop Estate's beneficiary is the Hawaiian ancestry Kamehameha Schools. The legal premise was that Bishop Estate owned too much land at the detriment of leasees and because these residents were super rich they were able to get the courts to convert their leases to fee simple. Free Hawaii

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