The U.S. state of Hawaii has been unsuccessful in its attempts to purchase the Turtle Bay Resort on Oahu's North Shore.
Hawaii Governor Linda Lingle's office said in a statement yesterday that although two offers were rejected by resort lenders, the state is prepared to negotiate further for the pristine 858-acre property.
The Honolulu Star Bulletin reports the Turtle Bay resort's interim manager said a government acquisition with public funds would not be prudent, especially in the ailing economy.
