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The Virgin Islands may see its first floating hotel operation in the harbor of St. Thomas courtesy of Bahamas Paradise Cruise Line CEO Oneil Khosa, who has offered to temporarily supply a ship to help boost tourism after the COVID-19 pandemic dies down.
When asked to estimate the impact of the novel coronavirus on the V.I. government’s revenues, Bureau of Internal Revenue Director Joel Lee said they could not give a firm projection “because this has never happened before.”
A bill to amend the USVI's Hotel Development Act, allowing hotels that suffered storm damage to use the financial tools to help finance their recovery, was unanimously approved by the Senate Finance Committee.
The Westin St. John Hotel Company has had compliance issues keeping a mandatory 250 employees and Tuesday asked to modify its application with the Virgin Islands Economic Development Commission to employ a minimum of 150 full-time employees, 100 fewer employees than the original application arrangement.
A thorn in the side of the Government Employees Retirement System may be removed by the end of the month, if the sale of Renaissance St. Croix Carambola Beach Resort and Spa goes through.