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Bill

36-0028

An Act approving the lease agreement between the Government of the Virgin Islands and Tropical Marine, Inc., for Parcel No. 37-1 Estate Nadir, No. 2 Red Hook Quarter, St. Thomas, Virgin Islands and a portion of unsurveyed Estate Nadir, No. 2. Red Hook Quarter, St. Thomas, Virgin Islands

2025-2026 Regular Session

Virgin Islands government approves commercial waterfront lease to Tropical Marine, Inc. for Red Hook property with unspecified financial and operational terms.

Sent to Lt. Governor
0
WeVote Research Nonpartisan
Bill Summary · 36-0028

Legislative bill overview

Bill 36-0028 authorizes the Government of the Virgin Islands to enter into a lease agreement with Tropical Marine, Inc. for commercial use of property parcels in the Red Hook area of St. Thomas. The legislation formally approves terms already negotiated between the government and the private company for waterfront land in Estate Nadir.

Why is this important

Waterfront property leases in the U.S. Virgin Islands affect tourism development, marine commerce, and local economic opportunity. The Red Hook area is a significant commercial hub, making lease terms critical to both government revenue and private business interests. This action determines what commercial activities will occur on public land and what financial terms apply.

Potential points of contention

  • Lease terms transparency: The bill text does not specify rental rates, lease duration, renewal options, or financial terms, making public evaluation of whether the deal benefits taxpayers difficult
  • Local business access: Whether local Virgin Islands businesses had equal opportunity to bid for the lease, or if it was a sole-source agreement
  • Environmental and maritime use impacts: Red Hook's marine ecosystem and public beach access implications are not detailed in the legislative summary; unclear if environmental review occurred

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

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