81.7 F
Charlotte Amalie
Wednesday, May 29, 2024
HomeNewsLocal newsMandahl Bay Holdings 'in Discussions' About Future of Project

Mandahl Bay Holdings ‘in Discussions’ About Future of Project

Reports that Hyatt is looking to pull out as operator of the hotel proposed for the bigger Port of Mandahl project were neither confirmed nor denied Tuesday, but the developer’s attorney did say that discussions are ongoing about what happens next.

An attorney for developer Mandahl Bay Holdings told the Source on Tuesday he could not confirm reports. “That is an issue that is under discussion right now,” George H.P. Dudley said.

In November, former Gov. John deJongh Jr. and Mandahl Bay Holdings principals met at Government House on St. Thomas and signed agreements to facilitate the development, which would still have to be approved by the Senate and make it through the Coastal Zone Management Committee’s permit processes.

According to the agreement, Mandahl Bay Holdings – a subsidiary of New-York based Transcontinental Realty Investors – would invest $209 million during the first phase of the project, which includes the development of a Hyatt Regency Hotel, a 50-slip marina, private estates and marina townhouses, and 48,000 square feet of retail and commercial space.

The second part of the project includes the expansion of the Mahogany Run Golf Course, which developer Karl Blaha has said the company also closed on in November. The expansion would include the construction of a conference center, ballroom, junior ballroom and additional meeting rooms, among other things.

Previous attempts to develop Mandahl Bay have been opposed by the local community, which has expressed concerns about the protection of marine and plant life in the area. A large group also attended a recent information session at the proposed development site, which gave senators a chance to find out more about the plans.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.