Senate Committee Advances $260,000 Sale of Long-Neglected Hospital Street Parcel for Christiansted Housing Redevelopment

The Committee on Budget, Appropriations, and Finance has advanced legislation authorizing the sale of a long-unused government-owned property on Hospital Road in Christiansted, clearing the first legislative hurdle for its transfer to Z Property VI, LLC for redevelopment. Bill No. 36-0217, introduced during Monday’s meeting by Senate President Milton Potter, approves the sale of Parcel 20-A at 28 Hospital Street for $260,000 — a price that exceeds the appraised value of the property. The parcel is currently owned by the Government of the Virgin Islands. Sen. Potter told committee members that the transaction would “convert a liability into revenue while stimulating economic development in a historic town of Christiansted.” He described the property as one that “currently yields no benefit and, quite frankly, poses ongoing maintenance burdens for the territory,” calling the sale “fiscally prudent and strategically sound.” Vincent Richards, representing the Department of Property and ...