Economic outlook for U.S. Virgin Islands tourism and refinery redevelopment

Economic outlook for U.S. Virgin Islands tourism and refinery redevelopment The passage provides a routine economic assessment of tourism, real estate, and the Hovensa refinery sale in the USVI. It mentions no high‑profile individuals, financial transactions of interest, or potential misconduct, offering only generic context for regional development. Key insights: Grand Beach Resort converted to 262 timeshare condos; phase 1 opened Sep 2015, phase 2 under construction.; University of the Virgin Islands plans a medical school on St. Thomas in partnership with local hospitals.; Hovensa refinery assets sold at auction; buyer limited to oil storage and an asphalt plant, projected to create ~80 jobs.