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Virgin Islands representative wants owners of wrecked resort in NP to get 60-year extension of lease

V.I. Delegate to Congress Stacey Plaskett has responded to criticism about the bill she introduced that would enable the current owners of Caneel Bay Resort to negotiate a 60-year extension of the deal Laurence Rockefeller made when he deeded the property — with conditions — to the U.S. government.

As submitted, Plaskett’s bill — HR 4731 — would enable an extension to Rockefeller’s Retained Use Estate agreement — an RUE — and set a tax rate for CBI Acquisitions LLC, the current managers of the properties on St. John, at 1.2 percent.


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