Government Seeks $1.2 Million in Rent Arrears From 198 Property Tenants

The V.I. Department of Property and Procurement is pursuing payment plans and legal remedies to collect approximately $1.2 million in outstanding rent from tenants across the territory, while also moving to recover certain properties from occupants who remain in arrears. The collection effort was among several revenue, property-management and operational matters discussed during the department’s budget hearing Monday. Assistant Commissioner Vincent Richards described the effort as an “ongoing process.” He told Senator Marvin Blyden that the department is “aggressively reaching out to either collect and/or to arrange our payment plans with tenants.” DPP has 198 tenants and an annual rent roll of $4,258,706.88. As of May 31, 2026, it had collected $2,470,615.73 in rental revenue, which is deposited into the Business and Commercial Properties Revolving Fund. Mr. Blyden urged the department to move quickly to collect the outstanding balances, arguing that the properties are offered at...