Judge rejects V.I.'s Lindqvist Beach takeover
I missed this story when it first came out - any updates?
ST. THOMAS - After much fanfare over the V.I. government's seizure of Lindqvist Beach in August, Superior Court Judge Brenda Hollar ruled Thursday that the sale did not take place because legal requirements were not followed.
Hollar ruled at a hearing on Thursday that there were fatal flaws in the appraisal process used by the government to determine the fair market value of the 21.5-acre Smith Bay property. The property's title also never transferred because the $4.1 million check, which was supposed to have been deposited with the court registry, sat in a safe at Superior Court instead. Hollar said she had no choice but to invalidate the purchase.
From the V.I. Daily News - more
here.