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Committee forwards Kim Foundation lease for Hamburg America building to full Senate after debate
Summary
The committee voted to forward a lease with the Charles M. Kim VI Foundation to convert the Hamburg America Line building into the Virgin Islands Museum of Art; proponents cited private funding of about $18 million and job creation, while some senators raised concerns about lease length and tax treatment.
The Committee on Rules and Judiciary voted March 27 to report favorably and forward Bill No. 36-0040, an act approving a lease of the Hamburg America Line building to the Charles M. Kim VI Foundation, Inc. for development of the Virgin Islands Museum of Art.
Sponsor Senate President Milton E. Potter said the foundation has committed roughly $18,000,000 of private funds to demolish and rebuild the deteriorated Hamburg America building and create a museum that would preserve cultural heritage, generate construction and permanent jobs, and enhance downtown Charlotte Amalie’s tourism offering.…
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