Thatch Cay, a private island off the northeast shore of St. Thomas, is up for sale for $27.5 million. The island has been in the sights of developers for years, with plans for extensive development. However, local residents have opposed the development due to environmental concerns. The current owners will not accept updating construction permits as a condition of sale. The island has historical significance, having been inhabited since the 1700s.
documents/EFTA00800056.pdf
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