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Developer Goes Green To Make Up For Big Box History

Posted by: Tim Halbur

26 November 2009 - 7:00am

Developer Jim Jacoby likes to joke that his move into alternative energy and mixed-use development is penance for a history of building WalMarts.

Jacoby talks about a number of interesting brownfields he's been redeveloping.

"The expansion to alternative energy for Jacoby started in 2001 with a project in Hawaii. Kona Kai Ola was a proposed massive development spanning more than 350 acres, eventually scrapped because of an unfavorable political climate. The mixed-use community, which never came to fruition, was to be based around he use of alternative energy. Water taken from 3,000 feet under the ocean, for instance, was to be used to air-condition the entire project."

Full Story: Brownfield Developer Jim Jacoby Is Aglow Over Alternative Energy Business
Source: Real Estate Investor, October 13, 2009
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