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Bill

36-0147

An act approving the Hotel Development Agreement between the Government of the Virgin Islands and Haven Development, LLC

2025-2026 Regular Session

Authorizes the Hotel Development Agreement with Haven Development, LLC, letting the Virgin Islands government approve, support, and monitor the project, boosting jobs and tourism.

Sent to Governor
0
WeVote Research Nonpartisan
Bill Summary · 36-0147

Summary: Bill 36-0147 – An act approving the Hotel Development Agreement between the Government of the Virgin Islands and Haven Development, LLC

Overview

Bill 36-0147 is an act that approves a specific Hotel Development Agreement between the Government of the Virgin Islands (VI) and Haven Development, LLC. The bill’s core action is approval of the agreement, enabling the government to enter into and implement the commitments set forth in that agreement.

Purpose and Intent

  • To authorize and formalize the Hotel Development Agreement with Haven Development, LLC.
  • To enable the project’s development in accordance with terms negotiated between the VI government and Haven Development.
  • To allow the government to fulfill its obligations under the agreement and to oversee project implementation through applicable statutory and administrative processes.

Key Provisions (as typically associated with such an act)

Note: The exact text of the agreement is not provided here. The bill’s main substantive effect is the approval of the agreement, which typically would cover:
- Authorization for the government to enter into and execute the agreement and related documents.
- Legislative endorsement of project terms, including expected site, scope, and milestones (subject to the negotiated agreement).
- Any government-furnished support or incentives specified in the agreement (e.g., approvals, permits, or financial/structural accommodations).
- Compliance with applicable laws, procurement rules, environmental standards, and labor requirements.
- Monitoring, reporting, and enforcement provisions to ensure performance by Haven Development.

Affected Parties and Impacts

  • Haven Development, LLC: Primary private partner benefitting from the approved agreement and eligible incentives or supports outlined in the deal.
  • Government of the Virgin Islands: Governmental authority granting approvals and administering programmatic/oversight responsibilities.
  • Local Economy and Workforce: Potential impacts include job creation, construction activity, tourism-related revenue, and broader economic effects tied to hotel development and operation.
  • Residents and Stakeholders: Indirect effects through tourism growth, tax base changes, and project-related environmental and community considerations.

Procedural and Timeline Details

  • Introduced: August 19, 2025
  • To Senate: August 25, 2025
  • Sent to Governor: August 29, 2025 (status indicates final legislative action pending governor’s decision)
  • Current status: Sent to Governor (Governor’s signature would enact the bill into law; otherwise, standard veto or other constitutional procedures could apply)

Next Steps and Considerations

  • If the Governor signs, the Hotel Development Agreement becomes law and implementation proceeds per the agreement’s terms.
  • If vetoed, the legislature could potentially act to override, depending on VI constitutional procedures.
  • Readers should review the full Hotel Development Agreement text to understand specific project scope, investment amounts, incentives, construction timelines, job targets, and reporting requirements.

Note

This summary reflects the bill’s stated action to approve the agreement and the publicly available legislative timeline. The precise terms and financial details are contained in the actual Hotel Development Agreement, which is not included here.

Compiled from official sources — confirm details with the bill’s official record.

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