Development

EDC Backs $12 Million Plan to Restore Charlotte Amalie’s Historic Waterfront

The V.I. Economic Development Commission on Thursday responded positively to plans for the revitalization of a swathe of downtown Charlotte Amalie. The project, dubbed HARP (Historic Area Revitalization Project) was announced in October by Crystal Blue Operations and presented to the VIEDC during a public hearing on Thursday. With Phase One – preparatory work – already completed to the tune of $2.7 million, CBO is currently preparing to tackle construction in Phase Two, with the approximately $12 million investment scheduled to be completed by 2026. The third and final phase of construction is slated to come online in 2029. Once work is completed, properties including International Plaza, Curacao Gade, Hibiscus Alley, Creque’s Alley, Palm’s Passage, the Big House, Continental Building, Bankhaus, Crown House, Berne’s Alley, and C and M Caron Building will all be restored to full functionality.  Because the properties being renovated all fall within a federal Opportunity Zone, CBO has ...