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Bill

36-0040

An Act approving the lease agreement between the Government of the Virgin Islands and Charles M. Kim V.I. Foundation, Inc. d/b/a Virgin Islands Museum of Art, for a portion of Lot No. 48b Norre Gade, Kings Quarter, St. Thomas, Virgin Islands

2025-2026 Regular Session

The Virgin Islands legislature approves a government property lease to the Charles M. Kim V.I. Foundation to operate the Virgin Islands Museum of Art on St. Thomas.

Sent to Lt. Governor
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WeVote Research Nonpartisan
Bill Summary · 36-0040

Legislative bill overview

This bill authorizes the Government of the Virgin Islands to lease a portion of publicly-owned property (Lot 48b on Norre Gade in St. Thomas) to the Charles M. Kim V.I. Foundation, Inc., which operates the Virgin Islands Museum of Art. The lease agreement has already been negotiated and approved by the Governor, and this bill provides the legislative authorization required to formalize the arrangement.

Why this is important

The Virgin Islands Museum of Art is a significant cultural institution for the territory. This lease secures the museum's location on government property, providing stability for ongoing operations, programming, and public access to art exhibitions. The arrangement also clarifies the government's relationship with the foundation and establishes formal terms for the property's use.

Potential points of contention

  • Lease terms transparency: The bill text does not specify lease duration, rental rates, or financial obligations, making it difficult for the public to assess whether terms are favorable to the territory
  • Property use restrictions: No details provided about permitted uses, maintenance responsibilities, or what happens if the foundation ceases operations
  • Public accountability: Limited information about oversight mechanisms or how the government will ensure the museum serves the public interest under this arrangement

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

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