Foreign cash sought to reopen famed Kauai resort
LIHUE (AP) - Developers trying to rebuild a Kauai resort made famous by Elvis Presley and ravaged by a hurricane hope to rely on foreign investments.The Coco Palms Resort is the only major hotel that did not reopen after Hurricane Iniki in 1992.Built in 1953, the property became famous when Presley filmed his 1961 movie "Blue Hawaii" there.Developer Coco Palms Hui LLC is seeking federal approval to take advantage of a program that provides green cards to foreign nationals who help the economy by investing in new business deals, principal Tyler Greene told the Garden Island in a report ...