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Prospect Reef re-development ‘not a hold-up on our end'- Hon Fahie

-says resort has some legal hurdles it is going through currently
Premier and Minister for Finance Hon. Andrew A. Fahie (R1) has made it clear that the state of the Government-owned Prospect Reef Resort is not a hold-up by his administration. Photo: VINO/File
Responding to questions on the Resort during a press briefing on Friday afternoon, January 28, 2022, the Premier Andrew A. Fahie (R1) said the Resort has some legal hurdles it is going through currently. Photo: GIS/Facebook
Responding to questions on the Resort during a press briefing on Friday afternoon, January 28, 2022, the Premier Andrew A. Fahie (R1) said the Resort has some legal hurdles it is going through currently. Photo: GIS/Facebook
4 / 4: Sections of the hurricane-damaged Prospect Reef facility as photographed by VINO in March 2019. Photo: VINO/File
4 / 4: Sections of the hurricane-damaged Prospect Reef facility as photographed by VINO in March 2019. Photo: VINO/File
ROAD TOWN, Tortola, VI - Premier and Minister for Finance Hon Andrew A. Fahie (R1) has made it clear that the state of the Government-owned Prospect Reef Resort is not a hold-up by his administration.

Residents have often voiced concerns about the state of the run-down facility that was abandoned since the passage of Hurricanes Irma and Maria.

However, responding to questions on the Resort during a press briefing on Friday afternoon, January 28, 2022, the Premier said the Resort has some legal hurdles it is going through currently.

“Prospect Reef seems to be an entangled weave; every time you straighten out one thing with Prospect Reef, something else comes in."

Hon Fahie added, "I say it in that parable because there are some legal concerns that have been raised lately, so I wouldn’t want to say anything more about that until we pass that hurdle, which will hopefully be the last hurdle with Prospect Reef.”

Great progress made - Premier Fahie 

The country’s leader said great strides has been made however, “We have made great progress although it doesn’t look that way in terms of physical movement, but there was a lot of legal entanglement and measures that we had to get past with Prospect Reef; hopefully this is the last one.” 

The Premier also commended the board for all it has done regarding progress at the facility, "it was more of a legal nature with the legal issues that were involved in some areas, so based on the nature we cannot make that public as yet. But we will get there,” he added. 

Premier Fahie was questioned on whether there would be any re-development before this current political term is over, he said it is not up to him. 

“I would say to the public if I had my way from day one, it would have had development there but when you have legal issues that you have to deal through, it doesn’t work that way you have to yield to the system on how it deals with it and hopefully then we will be able to have something."

The Premier added, "But it is not a hold-up on our end. When we get past it, we will be able to do much more.”

12 Responses to “Prospect Reef re-development ‘not a hold-up on our end'- Hon Fahie ”

  • annudda2cents (29/01/2022, 15:16) Like (14) Dislike (0) Reply
    i would not at all be surprised if one of those legal hurdles have to do with the timeshare persons from almost two decades ago.
  • Trump (29/01/2022, 15:30) Like (9) Dislike (5) Reply
    OH YEAH HE THE SAME KIND OF EXCUSES , HE EVEN TRIED AN INSURRECTION , WHEN HE FOUND OUT THAT HE HAD LOST
  • No Vision Govt.. (29/01/2022, 15:55) Like (12) Dislike (4) Reply
    They should have used 5 Million from S.S 40 million to restore prospect Reef.. A good Prospect Reef Can be beneficial in so many ways... 1/ Medical school and medical school boarding.. 2/ The 5th and 6th form branch of the BVI High School...3/ A inexpensive nice Motel...And so much more meaningful considerations. But Govt rather gave away the money and or see bow much they can take for themselves...Over tbe past 15 yrs there has been no meaningful visual development...All failures and disappointing Govts..
  • BuzzBvi (29/01/2022, 16:14) Like (18) Dislike (1) Reply
    Still working out how get a share of it. Clearly can't be complicated as Gov owned since last Gov cheated the people of their investment. No doubt all on the COI radar though.
  • SMH (29/01/2022, 18:19) Like (1) Dislike (1) Reply
    Could house Port Authority too!
  • Blight (29/01/2022, 19:06) Like (19) Dislike (0) Reply
    Noting like a dilapidated derelict resort in plain sight to all arriving visitors in taxis, ferrys and planes passing by this testament to complete government failure. Nature's not so little secret!
  • Think About It. (30/01/2022, 07:31) Like (5) Dislike (0) Reply
    How long has it been since the govt purchased Prospect Reef? Entangled weaves of legal stuff are usually avoided by due diligence prior to purchase. The absence of progress after decades on this facility reflects the priority the govt has placed on it.The argument that the govt has not held up the process has little merit. It was a foolsih knee jerk expenditure with lofty goals but no plan or incentive to make it work./
  • Crs (30/01/2022, 09:07) Like (3) Dislike (0) Reply
    Govt should never own property.
  • Time share (30/01/2022, 10:16) Like (0) Dislike (0) Reply
    The time share was done with the management of the day over 20 years ago and have absolutely nothing to do with the now owners - the Gov’t. That is a wrong excuse
  • Wo killed Prospect (01/02/2022, 16:22) Like (0) Dislike (0) Reply
    https://www.virginislandsnewsonline.com/domains/virginislandsnewsonline.com/en/news/he-didnt-give-a-damn-investor-says-dr-smith-killed-prospect-reef-project
  • Salivating at the mouth (02/02/2022, 15:30) Like (0) Dislike (0) Reply
    The year is (in the future) not you Andrew


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