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St. Croix Project Planned

26 April 2006

ST CROIX, US Virgin Islands – (PRESS RELEASE) -- St Croix may soon have another development project when a lease for a major hotel in Betty's Hope is signed by USVI Governor Charles W. Turnbull.

"The project promises a hotel casino, conference center and cultural theme park on 500 acres of Virgin Islands Port Authority (VIPA) land near the Henry E. Rohlsen Airport.

"TransCapital, an investment firm based in Reston, Va., announced in a press release issued Monday that it has reached a lease accord with VIPA. The lease now goes to Turnbull for his signature.

"Darnell Dailey, a principal of TransCapital, said VIPA voted favorably on the lease and the company is anxiously awaiting the governor's approval.

"…Also in the area is the Randall 'Doc' James race track, which features thoroughbred horse racing. Fast cars from all around the Caribbean compete at the St Croix Drag Association Track a mile east of the airport…"

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