Nansay property owner
misses tax deadline

The owner of the former Nansay Hawaii property in Kona has failed to meet yesterday's deadline for paying $3.8 million in delinquent Hawaii County property taxes.

The county then set a Sept. 14 foreclosure sale.

Kennedy-Wilson International of Beverly Hills, Calif., had offered to pay off the tax debt over a five-year period. But County Finance Director William Takaba rejected that offer.

Kennedy-Wilson became the owner of the property following Nansay's bankruptcy in 1995.

The 445-acre property near the Kaloko-Honokohau National Historical Park north of Kailua-Kona had been scheduled for resort and golf course development. It remains undeveloped.