Beautiful Virgin Islands

Thursday, Jul 03, 2025

Disgruntled Pier Park tenants allegedly seeking meeting with Premier

Disgruntled Pier Park tenants allegedly seeking meeting with Premier

Amidst allegation that some Cyril B. Romney Tortola Pier Park (CBRTPP) tenants are planning to meet with Premier Hon Andrew A. Fahie (R1) to share concerns about the facility, the Pier Park’s CEO, Vance M. Lewis has fired out with a number of claims.

Reports reaching our newsroom are that tenants are unhappy that they are being asked to pay rent in full from this month, March 2021.

Virgin Islands News Online reached out to Mr Lewis over the reports today, March 4, 2021, and he confirmed that tenants were indeed seeking to have an audience with the Premier.

Mr Lewis said “I was made to understand that a group of tenants who currently have leases in the Cyril B. Romney Tortola Pier Park (CBRTPP) are about to make representation to the Honourable Premier and I would like to ensure that in the interest of fairness I get the Pier Park side of the story out.”

CEO of Cyril B. Romney Tortola Pier Park Limited Mr Vance M. Lewis indicated that some 1.5M in COVID-19 concessions were given to the tenants.


Tenants had concerns addressed before – TPP CEP


He said 2019 however, the TPP Board constituted with a sole director taking over the role of having oversight of the Pier Park operations, “The director met with each tenant, listened to their concerns and following these meetings the following were some to the actions,” he said.

He said that as a result of the meeting, Common Area Maintenance fees (CAM) were reduced to 3% from 5%, Rental rates were reduced in many cases by up to $5 per sq. ft and There was debt forgiveness on behalf of a number of tenants who were struggling following the hurricanes of 2017

Further, the management team commenced a public relations exercise with tenants to change the then perception that the park was only for cruise ship passengers, the park hours were extended, the range of products that Tenants were permitted to carry was expanded and that the Pier Park increased the number of events in an effort to bring more footfall to the facility

He said in 2019 and early 2020, the concessions were in excess of $100,000, before the COVID-19 pandemic.

$1.5M COVID-19 concessions were offered to tenants


Further, the CEO said that that recognising the impacts of COVID-19 and local economic challenges, rent discount for April 2020 was 100%, the rent for May through October 2020 was discounted by 75% and November 2020 through February 2021 rent saw a discount percentage of 50%.

He said the total concessions given to tenants for COVID-19 was $1.5M even as the facility strived to operate at international standards.

In reminding tenants that strong demand still exists for space at the facility, the TPP CEO said “I would like to say to all tenants who are considering leaving the CBRTPP that they can formally request to break."

More space for new tennats


“We will call applicants on file, so that they can give their landlords requisite notice. To my knowledge, no landlord in the territory has given such significant concessions and for the length of time that TPPL has,” he said.

He said locals who are operating elsewhere will now get an opportunity to operate at the CBRTPP, should the old tenants leave.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
×