Business

Mapp Approves $1 Million Appropriation For St. Croix Hotel Project

ST. CROIX -- Governor Mapp approved Bill No. 31-0375, repealing Act No. 7730 relating to the appropriation of $1 million in connection with the litigation between the Government of the Virgin Islands and the former owners of HOVENSA, and re-appropriating the $1 million to the Virgin Islands Public Finance Authority (P.F.A.) for professional services, studies, project development and expenses related to the St. Croix Brand Hotel Project. According to a press release Government House issued late Monday, the measure will provide the resources for the Virgin Islands to realistically pursue a new hotel rooms on St. Croix and grow the island’s economy. Governor Kenneth Mapp earlier this year announced his plans for a branded hotel on the Big Island, and also revealed in February a transition team to help achieve that goal. The transaction team members will include Dept. of Tourism Commissioner Beverly Nicholson-Doty, Attorney Joel Holt, Government House Chief Counsel Emile Henderson, Finance...