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Pier Park tenants to pay full rent from March 1, 2021

- rent concessions valued $1.6M
After offering rent discounts to tenants for some 10 months, including as much as 100% off, due to the effects of the global coronavirus pandemic, the Cyril B. Romney Tortola Pier Park Limited is now requiring tenants to pay up in full beginning next month. Photo: VINO
The tenants were reportedly notified of the discontinued rent waiver on Thursday, February 18, 2021. Photo: VINO/File
The tenants were reportedly notified of the discontinued rent waiver on Thursday, February 18, 2021. Photo: VINO/File
CEO of Cyril B. Romney Tortola Pier Park Limited Mr Vance M. Lewis said the rent concessions have amount to $1.6M. Photo: VINO/File
CEO of Cyril B. Romney Tortola Pier Park Limited Mr Vance M. Lewis said the rent concessions have amount to $1.6M. Photo: VINO/File
WICKHAM'S CAY I, Tortola, VI- After offering rent discounts to tenants for some 10 months, including as much as 100% off, due to the effects of the global coronavirus pandemic, the Cyril B. Romney Tortola Pier Park Limited is now requiring tenants to pay up in full from next month.

The tenants were reportedly notified of the discontinued rent waiver on Thursday, February 18, 2021.

Tenants were not required to pay any rent for April 2020, and were further given a 75% cut from May to October 2020 and 50% cut from November 2020 to February 2021.

Concessions valued $1.6M

CEO of Cyril B. Romney Tortola Pier Park Limited, Mr Vance M. Lewis confirmed that discounts on rents have ceased.

"We have notified tenants that from 1st March 2021 full rent will be charged to all TPP tenants," Mr Lewis told Virgin Islands News Online.

Mr Lewis added that the value of the concessions so far is $1.6M.

15 Responses to “Pier Park tenants to pay full rent from March 1, 2021”

  • FEO GOMEZ (23/02/2021, 13:30) Like (10) Dislike (5) Reply
    Well based on how over on the pier looks on a daily basis I hope they selling dope. If not just forget that deadline.
  • DON Q (23/02/2021, 13:58) Like (4) Dislike (12) Reply
    This is inhumain
  • wondering (23/02/2021, 15:26) Like (7) Dislike (10) Reply
    What world is Vance Lewis living in? BVI Tourism is DOA and he actually thinks anyone at the Pier Park will pay full rent this year?? Oh wait, did I miss an announcement that cruise ships full of people are arriving in March 2021?
  • OMG (23/02/2021, 16:49) Like (6) Dislike (3) Reply
    Looks like the ports are opening on the 1st March so that the pier park can open up again.
    This is truly an insight to how the government understands on how this country works.
    We need tourists to keep the economy going but If you lock them out and make it to expensive for them to get here they will not come and the economy will continue to fail. WAKE UP
    • nonsense (23/02/2021, 20:06) Like (2) Dislike (0) Reply
      Where are they going to get it from? Why you dont ask them at the top to take half pay, or why you dont tell those employers to start paying full salaries and providing 40hrs works for their employees..,,No, why, because no tourist is coming and thats what tbey depend on none ot their fault,,,,If anyone should be blame for the lack of tourist should be government...But its easy to blame the pandemic.., Go easy on the people,, where is the understanding and the compassion...
  • Inhumane (23/02/2021, 17:11) Like (0) Dislike (0) Reply
    Derived from hu-man.
  • musa (23/02/2021, 20:09) Like (2) Dislike (0) Reply
    This guy and his team need to get a check up ,how can any body pay rent in full when business is so slow ,please team give it a couple months more.
  • Hmmm (23/02/2021, 21:05) Like (0) Dislike (0) Reply
    I guess out there going get take up with trust companies who can pay because no small business that sign a lease on the premise of full cruise liners flicking their stores that are now non existent will be able to keep up
  • GG (23/02/2021, 21:56) Like (3) Dislike (0) Reply
    Have you not paid attention, It’s opening for the 3rd time in March 1,2021!

    The ports are all set up to receive ferries and cruise ships and the taxis to take them ....

    Oh...sorry. Let’s see if March 1 changes AGAIN because there’s been no news and doubtfully any planning for BVI to reopen with any PLAN!!!
  • ... (24/02/2021, 00:19) Like (3) Dislike (1) Reply
    the pier don't do anything to attract people... pull a local sale on a Saturday 9-12 or pop 10% off during a certain time...government and their friends don't know how to market ah thing
  • musa (24/02/2021, 06:50) Like (4) Dislike (0) Reply
    Stop blaming government, (our own people is the issues )you know your business why waiting on anybody to start a sale be a leader not a follower.
  • So then (24/02/2021, 07:01) Like (4) Dislike (0) Reply
    I hope Village Cay will be taking us back to full salary from March 1 also. Been on half salary sometimes no salary for far too long.
  • F150 (24/02/2021, 07:49) Like (0) Dislike (0) Reply
    If u not Open in up for more business where Will they get the business from local cant spend what they aint have
  • Common Sense (24/02/2021, 08:41) Like (0) Dislike (0) Reply
    The sad reality is the tenants will just leave, unless anyone has not noticed, the restaurant is now for sale. This is the true reality of a pandemic.


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