KAANAPALI LAND LLC

Kaanapali Land, LLC operates in two main business areas: Property and Agriculture. The company conducts its operations through various subsidiaries, with KLC Land being the direct subsidiary through which most remaining operations are managed. KLC Land, in turn, operates through its own subsidiaries, including KLC Holding Corp., Pioneer Mill Company, LLC, and Kaanapali Land Management Corp. Kaanapali Land is taxed as a corporation. In its Property segment, the company focuses on developing land it holds, aiming to increase its value in stages. This process typically starts with market and feasibility studies to evaluate potential uses and associated costs. These studies consider factors such as location, physical characteristics, demographics, anticipated absorption rates, transportation, infrastructure costs (both on-site and off-site), and regulatory and environmental requirements. For properties targeted for development, Kaanapali Land generally creates a land plan based on these studies and then seeks necessary government approvals, known as entitlements, to permit the planned use of the property. The time, difficulty, and cost of obtaining these entitlements and complying with their conditions are key factors in determining project viability. Entitlement applications can include requests for state land use reclassification, Maui County community plan amendments, zoning changes, and subdivision if applicable. An example of its property holdings is approximately 21 acres in Lahaina, known as the Pioneer Mill Site, which is primarily zoned industrial.