'Absolutely necessary' to expand Cyril B. Romney Tortola Pier Park- Vance M. Lewis
He made the comment on the backdrop that a few tenants exited the facility due to the effect of the pandemic.
“We have had tenants who have applied to us to change some of their products and services, and we have had just a small number of tenants who decided that under the current climate that they couldn’t make it. [But]We have got a huge number of applicants, people want to apply.
“We had a meeting earlier this week to talk about giving consideration to others, and we still find the biggest constraint is that we don’t have enough units,” he said on Friday, July 10, 2020, during a press conference.
‘Absolutely essential’ to expand facility- Lewis
He added: “It is absolutely essential that we seek to do whatever is necessary to expand the facility just so that it is the number one facility, not only in the region but the world.”
When pressed, he said the tenants that left are in the low single digits in terms of numbers, and the tenants who have applied are in the low double digits, and that number is rising.
“There are others who have applied from both local sources and international sources who want to come to this facility. I believe we have done a lot of things right, and we are trying to ensure that we keep business opportunities open during these difficult times,” he pointed out.
Rent reductions continue
In the meantime, Mr Lewis said tenants would continue to benefit from the rent reduction.
“Our concessions were from April when we had the lockdown and a month after in May, and June, they got 75 per cent discount, and we continue that through this month of July, and next month as well,” he said.
“The idea is to make sure we can do things to stimulate the local economy even though that hurts us in the management of the facility,” Mr Lewis stated.


24 Responses to “'Absolutely necessary' to expand Cyril B. Romney Tortola Pier Park- Vance M. Lewis”
No i****** people need to get spots in there nor craft alive
Them ain't doing ah thing in Pier park just walking up and down
No woman You guys need lower you rent.
Election time all politicians going around campaign bout young entrepreneur and helping young people. To this day i have not seen a start! Guess who not voting next election!!
Expand it to hold what VANCE? Tell us VANCE smh you already have dumb @#$ store trying to sell crap
Pier park ain't ready