Above: St Croix (CJ Photo)

By the Caribbean Journal staff

St Croix will soon be home to a major new resort.

Developer Golden Resorts is planning a resort on the US Virgin Island that would include 400 rooms, along with a convention centre, casino, restaurants, a spa and an 18-hole golf course.

“After 14 years, we have come a long way and are in the final and closing phases of the funding process to make this project a reality on St. Croix,” said Paul Golden of Golden Resorts.

Golden held talks this week with USVI officials following the signing of legislation giving the government an expanded ability to provide financial support to projects.

Golden said the company would be able to secure funding for the project.

“We have now put on place a number of financial instruments that we believe can ensure that a resort project can become a reality in the St. Croix market,” said US Virgin Islands Governor John de Jongh. “It has been far too long that we have not seen some movement on those projects in process  and this recent bill was enacted to ensure that we can get some movement in near term.”

The resort will be located on the island’s south shore.