Business

Bryan Announces ‘3rd Wall Street’ Financial District Plan for Downtown Christiansted

ST. CROIX — Gov. Albert Bryan Jr. on Wednesday announced plans to establish a new financial district in downtown Christiansted intended to attract banking, investment, insurance, securities and financial-technology businesses to St. Croix as part of a broader effort to diversify the Virgin Islands economy. The initiative, branded “3rd Wall Street,” encompasses what Government House calls the CASE Capital Markets–3rd Wall Street Financial District Hub and Alexander Hamilton Global Financial Centers. The administration said the development would be headquartered in downtown Christiansted within a federally designated Qualified Opportunity Zone.  The proposed district is intended to attract firms involved in banking, bond underwriting, insurance and reinsurance, securities and commodities trading, investment management, financial technology and related services. Government House described the project as an attempt to connect St. Croix more deeply with financial markets in the mainland U...