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Committee approves sale of Hospital Street parcel to Z Property for $260,000
Summary
The Budget, Appropriations and Finance Committee voted to favorably pass bill 36‑0217, approving the sale of Parcel 20A on Hospital Street in Christiansted to Z Property VI LLC for an agreed price of $260,000; the measure will be sent to Rules & Judiciary for further consideration.
The Committee on Budget, Appropriations and Finance voted to favorably pass bill 36‑0217 on Dec. 15, approving the sale of Parcel 20A, Hospital Street, Christiansted, to Z Property VI LLC for an agreed purchase price of $260,000. The committee will forward the measure to the Rules and Judiciary Committee for further vetting.
Senate President Milton E. Potter introduced the transaction as a redevelopment opportunity in Christiansted that would convert a long‑vacant government parcel into taxable property and create jobs. "This transaction converts a liability into revenue while stimulating economic development in a historic town of…
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