Walwyn, who is also the manager of the Moorings hotel in the territory, has raised concerns about the abandoned project and wants to know what actions the government has taken.

In a recent House of Assembly (HOA) order paper, Walwyn has listed several questions he wants the premier to answer.

He wants to know the timelines for the execution of any plans the government has for the development of the Prospect Reef Hotel.

Walwyn is also seeking information on whether the government has received any expressions of interest from local or international investors to develop the property and if so, how they were handled.

Furthermore, Walwyn wants the premier to disclose whether any salaries are outstanding to any of the former workers of Prospect Reef and if so, when the government intends to address this.

He is also asking whether there are any current discussions underway for any new hotel developments and whether the government has been actively seeking investors to increase the number of hotel rooms available to visitors.

Premier Wheatley had earlier promised to engage the Prospect Reef board in issuing a request for proposal to develop the state-owned property.

"We see Prospect Reef as a hotel that can offer convention centre services to our business community and assist in hosting meetings, conferences and so on.

So Prospect Reef is a very big part of what we are intending to do and the public should see a Request for Proposal very soon," he explained.

The Prospect Reef development was abandoned in 2017 after the previous National Democratic Party (NDP) government signed a $90 million deal with ICA (BVI) Group Corp to redevelop the property.

When the Virgin Islands Party formed the next government, they announced that they were seeking new investors for the property's redevelopment.