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    United Business OutlookUnited Business Outlook
    Home»Top Global News»Mark Zuckerberg purchases more land in Hawaii, including a risky dam

    Mark Zuckerberg purchases more land in Hawaii, including a risky dam

    Abhinav SinghBy Abhinav Singh2 Mins Read Top Global News December 29, 2021
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    mark zukerberg@unitedbusinessoutlook.com
    Source: NewsBytes
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    Mark Zukerberg, the founder of Facebook, has bought more land in Hawaii. It also includes a dangerous dam, Ka Loko ,that untethered a hazardous flood 15 years ago. 

    According to a property database, Zuckerberg’s Kaloko LLC bought a 110 acre site for $17 million on Kauai. The purchase was made from a company owned by the Pflueger family. The purchase includes most of a reservoir that flooded in 2006. The flood affected seven people after a section of the reservoir bursted due to 40-day continuous rain. 

    James Pflueger was held responsible for the tragedy for his management of the dam. He was sentenced to seven months in jail by a state judge in 2014. He was released in the year 2015 but unfortunately died in 2017 at the age of 91. 

    Mark Zuckerberg and his wife are doing their part of fulfilling legal requirements and promoting safety measures at the reservoir, said Ben LaBolt. 

    The dam is still in an unrepaired condition and tops the state’s list of high-risk dams. Amidst this, Zuckerberg’s decision to buy this land is confusing netizens and making news. Many locals viewed Zuckerberg’s land acquisitions as a “new monarchy” that ignored the island’s past.

    In 2016, Zuckerberg enraged his neighbours by erecting a 6-foot wall around his home in the hopes of decreasing highway and road noise. A year later, Zuckerberg launched a lawsuit against the families who claimed ownership of land pieces on his property, claiming that he was doing so to “ensure smaller partial owners be paid for their due share too.” Residents, on the other hand, called the action “neocolonialism.”

    Presently, Mr. and Mrs. Zuckerberg is planning to extend farming, ranching, conservation and wildlife protection work on the land, LaBolt, the couple’s spokesperson said. 

    About Mark Zuckerberg

     
    mark zukerberg@unitedbusinessoutlook.com
    Source: CATO INSTITUTE

    Mark Zuckerberg is the chairman, CEO and controlling shareholder of the social media giant Facebook. . In 2004, Mr. Zuckerberg co-founded Facebook out of a dorm room at Harvard University. Since then, he’s grown it into the world’s largest social media corporation, acquiring Instagram and WhatsApp in the process.

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    Abhinav Singh

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