Here is an article in the paper with the details. Nothing is ever simple in the islands. It looks like between the trust and the parks service they now control 10 out of 11 shares of the land. The 19 Million goes to buy six shares, the trust already had one share and the park already owned three shares. There is one hold out waiting for a court settlement. Also its not 100% deal. Each of the six heirs that sold out get to keep six acres each with permision to build up to two houses on each parcel. Its still a much better deal than a large development. Also the trust borrowed the money to do the deal and they are and will be looking for donations to fund this and ongoing negotiations for the little Maho parcel.
We were chatting about this on
www.on-stjohn.com........Jeff and Russ' site.
32 million is alot of $$$ to come up with
People are worried with that location some big developer will come in and buy it outright and then build........
There's no $ sign on a peace of mind, this I've come to know
usvi-on-line
