Senate moves to block Vessup Bay development

In a story that I don't quite understand (and I don't know many of the details) the government has decided to try to block the development of the Vessup Bay area by a developer. Comments and insights to this situation are appreciated.

From The Daily News:
 
Senate moves to block Vessup Bay development
Bill appropriating $3 million to acquire 17 acres by eminent domain passes unanimously

By TIM FIELDS and JEREMY PETERS
Tuesday, April 27th 2004

ST. THOMAS - The Senate on Monday appropriated $3 million to buy tracts of East End land near Vessup Beach and block Miami-based Lionstone Hotels & Resorts from developing it.

The legislation now goes to Gov. Charles Turnbull for approval.

"If the government buys the land, this opportunity for new homes and new jobs to the territory will be lost, Lionstone owner Alfredo Lowenstein said Monday. "We don't understand why they are doing this, but I think common sense will prevail."

Click here for the rest of the story.