An Act approving the lease agreement between the Government of the Virgin Islands and Charles M. Kim V.I. Foundation, Inc. d/b/a Virgin Islands Museum
Sponsored By: Sponsor information unavailable
Enacted
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Virgin Islands Museum gets 99-year lease
The law approves a long-term lease for the Virgin Islands Museum of Art in St. Thomas. It covers a 12,300 sq. ft. building on a 10,006 sq. ft. lot at Lot 48b Norre Gade. The term is 99 years, with two 50-year renewal options. Rent is $0 during months 1 through 60 for construction, then $1,200 each year. The tenant must demolish, renovate, or rebuild a historic-looking replica with at least 7,500 interior sq. ft. The site must be used for museums, galleries, exhibitions, community uses, studios, related offices, and retail.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
Milton E. Potter
legislature
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Enacted
4/28/2025legislatureTo Governor
4/16/2025legislatureFloor
4/14/2025legislatureRules
3/27/2025legislatureIntroduced
2/27/2025legislatureCommittee
2/18/2025legislature
Bill Text
Enacted Act
4/28/2025
Governor's Message
4/28/2025
Bill Text
2/27/2025
Related Bills
Bill No. 36-0393, An act amending Act No. 9035 to reprogram funds within the 2026 fiscal year budget for Virgin Islands Department of Health to provide a $2,500,000 appropriation
Lease 36-0293, An act approving the lease agreement between the Government of the Virgin Islands and The St. Thomas Cricket Association Inc. for Parcel No-2 of Tract
Bill No. 36-0192, An act amending title 34 Virgin Islands Code, chapter 15 to enact the Senior Financial Protection and Promissory Note Abuse Prevention Act of 2025
Bill No. 36-0290, An act granting a zoning use variance for Plot No. 104 Estate Concordia, Westend Quarter, St. Croix from the R-2 (Residential Low Density–One and Two Family)
Bill No. 36-0339, An act approving the lease agreement between the Government of the Virgin Islands, acting through the Commissioner of the Department of Property and Procurement,
Bill No. 36-0392, An act amending title 33 Virgin Islands Code, chapter 111 creating the Virgin Islands Contractor Bonds Cost Revolving Loan Fund