GOVERNMENT & POLICE NEWS

This Week’s Senate Calendar

Here’s what’s on tap at the V.I. Legislature this week.

Audio Galleries

Half a dozen young people, local artists and music producers have created a peace song for Carnival 2014. To read more about the song, click here.
 

 
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Beach Advisory for April 25-29

The Department of Planning and Natural Resources (DPNR) announces that the Beach Water Quality Monitoring Program, which evaluates weekly water quality at popular swimming beaches throughout the territory by sampling for Enterococci Bacteria and Turbidity, which is a measure of water clarity, advises the public of the following:

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2016-04-29 00:50:08
PSC Forces Innovative to Accept Payment at Business Offices

The PSC ruled this month to require Innovative to reinstate customer payment at its business offices. Innovative announced this week it would soon accept payments on a limited basis.

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2016-04-27 23:55:49
The Bookworm: Have Your 'Cake' and Read it Too

In "Cake," readers will be entertained by tales of adventure and spices, the advent of the “domestic goddess,” and how bakers came to love a woman who “never actually existed.”

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2016-04-27 23:52:09
Local news — St. Croix
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Home Depot Opens New Store on St. Croix

Home Depot will open the big orange doors of its new store on St. Croix Wednesday, but they won't do anything as tame as a ribbon-cutting ceremony to mark the occasion.

Store manager Melissa Ward and other officials will take part in a "board cutting," a ceremony more befitting the latest in Home Depot's chain of 2,245 stores that stretch from its Atlanta headquarters to China.

The first sign that the long-awaited store was ready to open came with little notice or fanfare Tuesday afternoon when the Department of Public Works activated the new traffic signal on Melvin Evans Highway at the entrance to Island Crossing. The signal has been blinking yellow since early August, but now motorists will have to accustom themselves to an extra intersection on the highway.

The grand opening dedication ceremony and Neighborhood Night will take place from 5 to 8 p.m. Wednesday.

Home Depot, with its staff of more than 100 employees, is the centerpiece of the Island Crossing shopping center that has been a subject of discussion and contention for at least four years. Built by the V.I. company Caribbean Development Partners, the shopping center will eventually encompass 250,000 square feet of retail and storage space. The development Island Crossing is the first beneficiary of an economic development tool called tax increment financing (TIF), in which private developers can use public money to help defray the cost of a development, paying for it by pledging projected future gains in tax revenues from the current improvements that will create those future gains.

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The theory is that if the public funding makes feasible a project that otherwise would not happen, the increased tax revenues it will bring in can justify and, through TIF, actually finance the upfront public expense, bootstrapping economic development. The developer is liable for the bonds if the tax revenues don't appear, theoretically protecting the government from any risk of losing money on the deal.

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