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Settler's Guide To The VI
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Franko's Map of the US Virgin Islands
Franko's guide map of the U.S. Virgin Islands $9.95

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April 29, 2008

Groundbreaking ceremony at Pond Bay

A groundbreaking ceremony for Pond Bay, the new, lavish Private Residence Club on St. John, U.S. Virgin Islands. Pond Bay is located on a secluded 15+ acre beachfront private enclave and will offer 50 three-bedroom villas and cottages, ranging from 2,200 square feet to 4,300 square feet with luxury finishes, furnishing and accessories. Amenities will include a beach club and pool, clubhouse, athletic club, restaurant, fitness center and ESPA destination spa and is scheduled for completion in December 2008.

Pond Bay is the sister property of St. Barth’s highly acclaimed Isle de France and the latest addition to the expanding collection of luxury Private Residence Clubs throughout the world.

Governor John de Jongh and Commissioner of Tourism Beverly Nicholson-Doty will be in attendance at the groundbreaking ceremony.

Photo opportunities following the groundbreaking will be available.

Tuesday, April 29, 2008

4:30 PM-6:30 PM

Archive link for this entry: Groundbreaking ceremony at Pond Bay | |

Benefits of $41.5 Million Reimbursement Will Soon Reach Islanders

Economic stimulus checks are coming from the feds to the USVI:

"April 28, 2008 -- The Virgin Islands government will soon receive $41.5 million from the U.S. Treasury to give $600 checks to most of the territory's taxpayers.

Congress passed a $150 billion dollar economic stimulus package earlier in the year calling for cash rebates to every taxpayer, with the goal of jump starting the economy with a rush of consumer spending. Those with direct deposit of their taxes began getting money in their accounts Monday. But the rebates put the Virgin Islands and other territories with tax systems tied to the federal rates in a bind. Because the territory collects income taxes locally at the rates set for federal income tax, the rebate checks would have come directly out of the V.I. government till, putting the budget $41.5 million in the hole."

More here from The Source.

April 10, 2008

HUD chief resigns amid inquiries, mortgage crisis

This guy has been in hot water for awhile, and he also had a USVI connection:

"In the Virgin Islands, there are accusations that Mr. Jackson helped another friend, an Atlanta lawyer, secure nearly $1 million for managing the local housing authority."

More here.

Archive link for this entry: HUD chief resigns amid inquiries, mortgage crisis | |

Federal agency seeks public comment about leaks at refinery

From the AP:

CHARLOTTE AMALIE, U.S. Virgin Islands (AP) _ Federal authorities are seeking comment from U.S. Virgin Islands residents about groundwater cleanup and modifications to waste treatment operations at the Western Hemisphere's second-largest oil refinery.

U.S. Environmental Protection Agency officials joined representatives from Hovensa's refinery to pursue feedback on efforts to recover about a million gallons of oil spilled on the 1,500-acre refinery property in the 1980s.

The comment period ends April 26 regarding the ongoing cleanup and possible EPA permit changes at the giant Hovensa refinery on the south coast of St. Croix, where smokestacks stand adjacent to coral reefs and wildlife refuges.

Since recovery and treatment wells began operating in 1987, roughly 42 million gallons of petroleum waste has been reclaimed from the onsite groundwater at the refinery site, the EPA said in a statement.

While leaky sewer lines and tanks responsible for the property's pollution were repaired long ago, the federal agency says an estimated 1.2 million gallons of spilled oil still remains.

Hovensa, owned by New York-based Hess Corp. and Petroleos de Venezuela SA, the national oil company of Venezuela, is the largest private employer in the U.S. Virgin Islands. A spokesman for the company could not immediately be reached for comment.

V.I. Property Tax Reform System OKd by Court Expert

From the St. Thomas Source:

April 9, 2008 -- After a four-year effort, the V.I. government has finally met court mandates to put in place a comprehensive property tax reform and assessment system, according to the special master appointed by the judiciary to oversee the process. In late March, Joseph Hunt sent a favorable report to U.S. District Court Judge Curtis Gomez, saying that the government "is in compliance with the court's directive to put in place an assessment system and procedures that are proper and capable of producing credible and reliable assessments as required by law."

More here.

Archive link for this entry: V.I. Property Tax Reform System OKd by Court Expert | |

Coldwell Banker, Stout Realty, St. Thomas


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