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Refinery Sold, per Senator Nelson

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sunshinefun
(@sunshinefun)
Trusted Member

Janeinstx...your think of the meeting this afternoon at The Palms at Pelican Cover where the long awaited Wyndham St. Croix Resort & Casino by Paul Golden will be announced.

The good news just keeps on coming!

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Posted : October 28, 2014 1:51 pm
OldTart
(@the-oldtart)
Expert

They didn't. The correct domain is www.abr.vi but its not up yet.

As I mentioned on a related thread, this is a brand new corporation which was formed solely for the purpose of executing a deal for this refinery and this refinery only. The principals have thus far not been identified although two are allegedly "local".

Our government has a history of entering into negotiations with shell corporations and corporations with no history relevant to the proposed project. One can only hope that before thousands more dollars are spent, the legislative body scrutinizes this proposed deal extremely carefully, the names of the principals involved are provided and public hearings on the proposal are scheduled,

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Posted : October 28, 2014 2:17 pm
Alana33
(@alana33)
Expert

Janeinstx...your think of the meeting this afternoon at The Palms at Pelican Cover where the long awaited Wyndham St. Croix Resort & Casino by Paul Golden will be announced.

The good news just keeps on coming!

While you may be excited about this Paul Golden announcement,
I am not enthused at all about the VI government pledging $52 million dollars for this private project. That reeks.

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Posted : October 28, 2014 2:39 pm
janeinstx
(@janeinstx)
Trusted Member

Tart while I share your concern that our Govt "leaders" can and have been led down the garden path before HOVENSA really is the final word.

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Posted : October 28, 2014 2:41 pm
islandjoan
(@islandjoan)
Trusted Member

Wait, but isn't PDVSA / Hovensa the entity actually selling the refinery? So wouldn't they be doing due diligence in being sure the deal is legit? Or am I missing something?

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Posted : October 28, 2014 2:46 pm
janeinstx
(@janeinstx)
Trusted Member

YOU HAVE IT RIGHT. All the legislature needs to do is approve or disapprove what ever promises have been made to the VIG in return for granting essentially a business license. Quid Pro Quo

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Posted : October 28, 2014 3:42 pm
IslandHops
(@IslandHops)
Trusted Member

...The principals have thus far not been identified although two are allegedly "local"...

Todays (10/28) daily snooze (p3) identified:
Jack Thomas (Renaissance Group)
and off islanders:
Robert Moore,
William Forrester,
Steve Schmitz

(And Mark Eckard as possibly the attorney representing the group)

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Posted : October 28, 2014 6:51 pm
CruzanIron
(@cruzaniron)
Expert

A lot of people are forming and expressing opinions when all of the details haven't been made public yet. Or asking questions about things where the facts have been public for years. Or deliberately misinterpreting the facts to suit their own agenda's.

These are the kind of people I would not want to sit on my jury.

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Posted : October 28, 2014 7:01 pm
janeinstx
(@janeinstx)
Trusted Member

I'm just confused as hell. Lots of questions. No answers. Think I'll just retire.

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Posted : October 29, 2014 1:06 pm
Beeski
(@beeski)
Trusted Member

...The principals have thus far not been identified although two are allegedly "local"...

Todays (10/28) daily snooze (p3) identified:
Jack Thomas (Renaissance Group)
and off islanders:
Robert Moore,
William Forrester,
Steve Schmitz

(And Mark Eckard as possibly the attorney representing the group)

Here are a couple of bios:
http://b29investments.com/team/steve-m-schmitz/
http://www.zoominfo.com/p/Jack-Thomas/46591176

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Posted : October 29, 2014 1:59 pm
LuckyGirl56
(@LuckyGirl56)
Advanced Member

I'm just confused as hell. Lots of questions. No answers. Think I'll just retire.

Atta' girl!

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Posted : October 29, 2014 2:15 pm
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