Beautiful Virgin Islands

Thursday, Apr 23, 2026

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
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
Meghan Markle Plans Exclusive Women-Focused Retreat During Australia Visit
Starmer and Trump Hold Strategic Talks on Securing Strait of Hormuz Amid Rising Tensions
Unofficial Australia Visit by Prince Harry and Meghan Expected to Stir Tensions with Royal Circles
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
UK Stocks Rise on Ceasefire Momentum and Renewed Focus on Diplomacy
UK to Hold Further Strategic Talks on Strait of Hormuz Security
Starmer Voices Frustration as Global Tensions Drive Up UK Energy Costs
UK Students Voice Concern Over Proposal for Automatic Military Draft Registration
Rising Volatility Drives Uncertainty in UK Fuel and Petrol Prices
UK Moves to Deploy ‘Skyhammer’ Anti-Drone System to Strengthen Airspace Defense
New Analysis Explores UK Budget Mechanics in ‘Behind the Blue’ Feature
Man Arrested After Four Die in Channel Crossing Tragedy
UK Tightens Immigration Framework with New Sponsor Rules and Fee Increases
UK Foreign Secretary Highlights Impact of Intensified Strikes in Lebanon
UK Urges Inclusion of Lebanon in US-Iran Ceasefire Framework
UK Stocks Ease as Ceasefire Doubts in Middle East Weigh on Investor Confidence
UK Reassesses Cloud Strategy Amid Criticism Over Limited Support Measures
UK Calls for Full and Toll-Free Access Through Strait of Hormuz Amid Rising Tensions
Starmer Signals Strategic Shift for Britain Amid Escalating Iran-Linked Tensions
UK Issues Firm Warning to Russia Over Covert Underwater Military Activity
OpenAI Halts Stargate UK Project, Casting Uncertainty Over Britain’s AI Expansion Plans
Starmer Voices Frustration Over Global Pressures Driving UK Energy Costs Higher
UK Deploys Military Assets to Protect Undersea Cables From Suspected Russian Threat
Canada Aligns With US, UK and Australia as Europe Prepares Major Digital Border Overhaul
Meghan Markle’s Planned Australia Appearance Sparks Fresh Speculation
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
UK to Partner with Shipping Industry to Rebuild Confidence in Strait of Hormuz, Cooper Says
UK Interest Rate Expectations Ease Following US–Iran Ceasefire Agreement
Starmer Signals Major Effort Needed to Fully Reopen Strait of Hormuz During Gulf Visit
UK Fuel Prices Face Ongoing Volatility Amid Global Pressures and Domestic Factors
Kanye West’s Planned Italy Festival Appearance Draws Debate After UK Entry Ban
Smuggling Routes Shift Toward Belgium as Migrant Crossings to UK Evolve
Ceasefire Offers Potential Relief for UK Fuel and Food Prices Amid Ongoing Uncertainty
Iran Conflict Raises Questions Over UK’s Global Influence and Military Preparedness
Senator McConnell Visits Kentucky to Highlight Federal Investment in Local Projects
Kanye West Barred from Entering UK as Legal Grounds Come into Focus
UK Denies Visa to Kanye West After Sponsors Withdraw from Wireless Festival
Trump-Era Forest Service Restructuring Leads to Closure of UK Lab Focused on Kentucky Woodland Health
Foreign Students in the UK Describe Harsh Living Conditions and Financial Pressures
Reform UK Proposes Visa Restrictions on Nations Pursuing Reparations Claims
Public Reaction Divides Over UK Decision to Bar Kanye West
Calls Grow for UK to Review US Base Access Following Concerns Over Escalating Rhetoric
UK Indicates It Will Not Permit Use of Its Bases for Potential US Strikes on Iran’s Energy Infrastructure
UK Prime Minister Defends Decision to Bar Kanye West, Questions Festival Booking
×