If it wasn’t abundantly clear previously, the City of St. Thomas this morning (Wednesday) reinforced the message it is open for business.
The city, in partnership with St. Thomas Economic Development Corporation, has reached a deal to purchase over 800 acres of land in the northeast corner of St. Thomas for industrial development.
Sean Dyke, EDC CEO says this is in anticipation of attracting a mega project to the city.
He added, ” More often than not, companies are looking to have shovels in the ground for large investments in months rather than years and I am exceptionally pleased that the city has chosen to take this strategic path forward to encourage a level of long-term success and economic sustainability that will be felt not just in St. Thomas, but across the entire region.”
St. Thomas Mayor Joe Preston calls it an investment in the city’s future, critical to furthering economic growth in the community.
Dyke adds while there is no imminent investment, this is an opportunity for the city to showcase itself with available land for a mega industrial development.
The intent is to fully transfer ownership of the subject properties to the city by late summer.
Written by Ian McCallum
