Beautiful Virgin Islands

Wednesday, Aug 27, 2025

What was govt’s rush for $10M land investment deal? COI grills minister

What was govt’s rush for $10M land investment deal? COI grills minister

Minister for Natural Resources Vincent Wheatley was grilled about the apparent haste with which the government approached a $10 million land investment deal with an unnamed developer last year.

When he appeared before the Commission of Inquiry (COI) yesterday, October 14, Minister Wheatley said it was largely because of the urgency of the pandemic.

When asked for an explanation about what was the rush for the matter being brought to Cabinet, Minister Wheatley said: “You see the date on it? Middle of the pandemic. We are trying to get the country shut down, we’re trying to get economic activity in the country. If you look at the financial implications of it, it lays it out there.”

He continued: “Somebody’s trying to put an injection of $10 million in our economy during a very bad time — the worst pandemic in 100 years. We are scrambling trying to figure out how we’re going to get this economy moving. That is the hurry, that was the hurry, to get economic activity in the country.”

Cabinet dealt with issue prematurely


COI attorney, Bilal Rawat, said the Attorney General’s (AG) Chambers had suggested that the issue was prematurely brought to Cabinet. Among the reasons for the AG’s conclusion was that the rent was expected to be calculated by reference to a valuation of the land. However, this valuation was still absent at the time the deal was brought to Cabinet for consideration.

The COI attorney also suggested that the process was done relatively quickly given that it took place over a short space of time in December 2020. He further pointed out that other applications took a much longer time to be processed and approved.

“Can you shed any light on why you go from 4 December to the 23rd, appearing to give the green light to a $10-$15 million development in Road Town?” Rawat asked.

Minister Wheatley said all the businesses were closed at the time and the government jumped at the opportunity when it was presented to inject some economic activity into the territory, adding that construction was a way of doing this.

He also explained that a valuation report and survey for the development could have come once the lease was being prepared, but the Cabinet’s recommendation was simply an approval to go ahead to prepare the survey and lease.

No obligation to build placed on developer


Rawat informed Minister Wheatley that the Permanent Secretary in the Ministry had told the COI that a survey and valuation report ought to have been made available prior to any recommendation being taken to Cabinet for consideration.

But Minister Wheatley said he was not sure that this was an instance where the regular process needed to be followed.

In the end, Minister Wheatley told the COI that he could not say whether the lease was ever completed, adding that a lease was never granted, as per Cabinet’s decision.

“If memory serves me right, I don’t think that lease is done yet,” he stated.

Business plan?


He also said that he could not say whether a business plan had gone to the Premier’s Office, noting that this only happens in instances where there is a development agreement.

He said development agreements are only put in place in scenarios where investors need something from government, but in this instance, this was not the case.

“They were simply investing in the country so I don’t see a need for one, a development agreement,” Minister Wheatley said.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
×