April 24, 2007. At a meeting of the Waikoloa Village Association, Waikoloa Mauka, LLC, principal Stephan Martirosian made a short presentation on his company’s plans for the area and presented a check for $25,000 to association president Margaret Tigue. The two smiled at a photographer as they shook hands, and the snapshot made the front page of the association’s newsletter, Waikoloa Breeze. Minutes of the meeting record Martirosian as assuring association members that his company “will eventually be developing 9,000 to 10,000 acres of the nearly 14,000 acres they acquired from the Waikoloa Development . . .
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