After several years of annual losses approaching half a billion dollars, Hovensa closed in 2012. The data shows the loss of revenues from the worldwide recession and the Hovensa closure are the largest culprits in the territory's structural deficits.
The National Park Service lecture room in the Danish Company Warehouse on Company Street, Christiansted, was filled Tuesday night with about 100 people who learned about where many slaves may have begun their journey.
The first meeting of a task force to improve the visitor experience within Charlotte Amalie started with announcements about new appointments, including the movement of former West Indian Company Ltd. chief Joseph Boschulte to Tourism.
In 2001 the Virgin Islands put a moratorium on issuing new commercial fishing licenses in order to protect the territory’s fisheries, but at least one has been issued in the last year, and that under murky circumstances.
An array of St. John residents testified Tuesday about what they called the hardship caused by high property taxes on St. John, urging senators to pass legislation to address the problem. Some told lawmakers that assessments were way off.
WICO will see its payment in lieu of taxes go down from $700,000 per year to $250,000, all of which will be used to maintain and operate the Estate Catherineberg structure as a museum, if a measure OK'd in Committee is approved by the Senate.