Pier Park tenants to pay full rent from March 1, 2021



The tenants were reportedly notified of the discontinued rent waiver on Thursday, February 18, 2021.
Tenants were not required to pay any rent for April 2020, and were further given a 75% cut from May to October 2020 and 50% cut from November 2020 to February 2021.
Concessions valued $1.6M
CEO of Cyril B. Romney Tortola Pier Park Limited, Mr Vance M. Lewis confirmed that discounts on rents have ceased.
"We have notified tenants that from 1st March 2021 full rent will be charged to all TPP tenants," Mr Lewis told Virgin Islands News Online.
Mr Lewis added that the value of the concessions so far is $1.6M.


15 Responses to “Pier Park tenants to pay full rent from March 1, 2021”
This is truly an insight to how the government understands on how this country works.
We need tourists to keep the economy going but If you lock them out and make it to expensive for them to get here they will not come and the economy will continue to fail. WAKE UP
The ports are all set up to receive ferries and cruise ships and the taxis to take them ....
Oh...sorry. Let’s see if March 1 changes AGAIN because there’s been no news and doubtfully any planning for BVI to reopen with any PLAN!!!