Inspired by a new news article about land development by the LDS Church in Hawaii, I did a little more property searching. Unfortunately, Honolulu County doesn’t allow searching by name, so finding all the property of Hawaii Reserves, Inc. and Property Reserve, Inc. (two of the holding companies of the LDS Church) in Hawaii is virtually impossible. But I did find this shopping center owned by Property Reserve Inc. – valued at $9 million (go here and use parce ID#: 550140010000). It is also the headquarters for Hawaii Reserve, Inc., which also owns the water and waste water treatment plants in Laie, HI.
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Estimating the cost of bad investments, or how much did the Church lose on you?
The NYTimes recently mentioned the Fermi game of figuring “ballpark” estimates of real-world numbers for questions you, at first glance, think of as un-estimatable – for example, how many piano tuners are there in Chicago? Though I am generally bad at math (and shun it), I like this game, and…