The Virgin Islands Port Authority, Royal Caribbean (RCL) Group, and Cruise Terminals International announced the signing of a landmark agreement to redevelop the Crown Bay District into a vibrant, mixed-use destination for residents and visitors during a ceremony held on Wednesday, December 17 at Austin “Babe” Monsanto Marine Terminal in Crown Bay, St. Thomas. The redevelopment of Crown Bay will modernize the waterfront by transforming Crown Bay Center into a vibrant, tourism-focused area with improved commercial, recreational, and cultural spaces. The project will deliver significant financial benefits for the community, including generation of new jobs during the construction phase and ongoing operations, creation of entrepreneurial opportunities for local businesses, and significantly enhanced opportunities for local taxi drivers and tour operators.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean price target lowered to $324 from $342 at Barclays
- Positive Outlook for Royal Caribbean Driven by Strong Demand and Strategic Investments
- Royal Caribbean price target lowered to $275 from $286 at Jefferies
- Royal Caribbean price target lowered to $328 from $336 at Citi
- Early notable gainers among liquid option names on December 11th
