The Virgin Islands Port Authority, Royal Caribbean Group, and Cruise Terminals International Commemorate Crown Bay District Redevelopment Signing

The Virgin Islands Port Authority (VIPA), Royal Caribbean Group (NYSE: RCL), and Cruise Terminals International (CTI) have signed a landmark agreement to redevelop the Crown Bay District into a vibrant, mixed-use waterfront destination for residents and visitors.

The agreement marks a transformative public-private partnership and represents a significant long-term investment in the U.S. Virgin Islands’ tourism and economic future. The redevelopment will modernize Crown Bay Center, creating an enhanced waterfront experience that blends commercial, recreational, and cultural spaces while strengthening the Territory’s position as a premier Caribbean cruise destination.

The project is expected to deliver substantial economic benefits to the community. During construction and ongoing operations, it will generate new employment opportunities, expand pathways for local entrepreneurs, and create increased business for taxi drivers, tour operators, and other tourism-related services.

VIPA leadership emphasized that continued innovation and strategic investment are essential to maintaining competitiveness in the evolving global tourism market. The redevelopment is designed to position Crown Bay as a next-generation destination that supports long-term economic growth while preserving the cultural character of St. Thomas.

Royal Caribbean Group reaffirmed its commitment to responsible destination development, highlighting its focus on enhancing guest experiences while creating meaningful and sustainable economic impact for local communities.

CTI described Crown Bay as a priority destination within its global portfolio and noted that the agreement establishes the foundation for a substantial long-term investment in the U.S. Virgin Islands. The collaboration strengthens the partnership between the public and private sectors to deliver world-class cruise infrastructure and mixed-use waterfront development.

CTI is a strategic partnership between Royal Caribbean Group and funds advised by iCON Infrastructure LLP, an independent investment firm managing more than $12 billion in infrastructure assets across Europe and North America.