Virgin Islands News

Funding Needed to Fight Lionfish

It will take money and effort to continue the fight against invasive lionfish, Frank Cummings, the education outreach coordinator for Caribbean Oceanic Restoration and Education, said Wednesday at the Rotary Club of St. John’s weekly meeting.

Appeals Court Sides With V.I. In Tax Case

In a victory for the territory’s Economic Development Program, on Wednesday the U.S. Third Circuit Court of Appeals reversed a lower court ruling and affirmed the bona fide residency of a V.I. taxpayer who moved here for Economic Development Commission tax breaks, according to Government House.

Biggest home price rise since the bubble is latest sign of housing recovery

Home prices continued their recovery, rising 8.1% in January from year-earlier levels, according to a reading released Tuesday.

The S&P Case-Shiller index, which tracks prices across the 20 largest markets in the nation, posted the biggest year-over-year gain in prices since June 2006.

WAPA’s Switch to Alternative Fuels Coming Sooner Rather Than Later

From preparing for a groundbreaking next month that would begin the process of getting solar sites up and running in both districts to meeting with federal representatives about the possibility of integrating wind into its energy portfolio, the V.I. Water and Power Authority is pushing for a switch to alternatives as quickly as possible, according to officials.

WAPA and Energy Office Looking for Ways to Make Net Metering Fair to All

This is the second installment of an ongoing series examining the V.I. Water and Power Authority’s net metering program, its challenges, and its future.

In terms of encouraging the public to embrace small-scale solar energy production, the net metering program has been an unqualified success. The rapid expansion of renewable energy in the Virgin Islands is raising eyebrows throughout the territory’s energy industry.

This Housing Recovery Is Different: Investors Are Now Big Buyers

There’s no doubt that housing is recovering. Existing home sales—which account for the bulk of the market—have topped year-ago levels for 20 months in a row and existing home prices have bested year-ago levels for 12 consecutive months. In addition, inventories of those homes have dropped to a 4.7 month supply — far below the more normal 6 months.

St. John Farm Wants to Develop Eco-Resort

The Department of Planning and Natural Resources recommended approving Hugo Roller's request to rezone 15 acres on St. John to allow the development of an "eco resort" on Monday during a Senate zoning hearing.

V.I. Boxers Come Home Victorious

With one in stiches and the other pretty much unscathed, 340 Boxing champs John Jackson and Samuel Rogers returned home showing off their recent Atlantic City wins in very different ways.

Pending Home Sales Soar Despite Rough Winter

Rough winter weather across much of the nation at the start of this year apparently did not keep home buyers away.

A home in Holyoke, Mass. (AP Photo/The Republican, John Suchocki)Contracts to buy existing homes in January rose a strong 4.5 percent from the previous month, according to the National Association of Realtors, which also revised December's numbers down. That beats expectations of a 1.8 percent gain. Volume is now 9.5 percent above January 2012 and is the highest reading since April 2010. This as closed sales of existing homes, where contracts were signed toward the end of last year, were basically flat.

340 Boxing Champs on ESPN Fight Card

he 340 Boxing camp reveals the details of upcoming fights in Atlantic City, N.J.
fter conquering the amateur boxing world and spending the last two years winning their first minor belts, 340 Boxing champs John Jackson, Julius Jackson and Samuel Rogers – all from St. Thomas – are heading to Atlantic City, N.J., to face off against a new round of opponents on ESPN’s popular “Friday Night Fights” card.

etails on who the boxers will be fighting are still being ironed out, but at a press conference held Monday on St. Thomas, 340 Boxing promoter Lesley Comissiong said Rogers and the Jackson brothers have already received the required paperwork from the New Jersey Boxing Commission and are in the process of filling it out so they can appear on the sport network’s March 8 card.

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