The United States Virgin Islands
Office of the Governor

Office of Public Relations
Government House Charrlotte Amalie, V.I. 00802 - Tel: 340 - 774-0001

Construction Begins Thursday
on Frederiksted Economic Revitalization Project
No.0155-2004 May 4, 2004

Governor Charles W. Turnbull, Chairman of the Board of the Public Finance Authority announced that as part of the Frederiksted Economic Revitalization Project, construction at the Vincent Mason Pool Resort, Verne I. Richards Veterans Park, Strand Street, Eliza McBean Clock Tower and the Ann E. Abramson Marine Facility will commence Thursday, May 6, 2004.

The work by Coastal Systems Development, Inc., the design-build firm responsible for project implementation, will include the demolition of the existing restroom and the construction of new restroom facilities and other amenities to improve the accommodations to the public. Additionally the Veteran's Park will also undergo major revitalization. Construction on Strand Street will be carefully managed to minimize the impact to traffic flow and local business.

In order to commence construction closing of both the Vincent Mason Pool Resort and Veterans Park for the duration of construction is necessary. Project completion is expected the end of the year 2005.

Governor Turnbull noted that the Public Finance Authority sponsored a community charrette in October 2002 to examine the revitalization of the town of Frederiksted through a focus on public spaces and the creation of unique experiences that would serve to attract world wide visitors, cruise ships, boaters and new residents. "As I promised the business men and women and the people of St. Croix, I would do all within my power to develop this island into a world recognized visitor destination, promoting our rich culture, vibrant history and unique architecture. We are breaking ground on Thursday, May 6th, 2004 to begin actual construction on this long awaited, worthwhile and truly exciting project." Governor
Turnbull said.

For further information on the Frederiksted Economic Revitalization Project contact the Public Finance Authority at 778--8135 or 714-1635.