December 23, 2017

Farkas’s IGY Marinas Operational in USVI After Hurricanes

IGY Marinas’ Yacht Haven Grande in St. Thomas, the US Virgin Islands, is open and operational after Hurricanes Irma and Maria battered the area earlier this year.

IGY Marinas reports that the Yacht Haven Grande is clear of debris, and that nearly 70% of its slips have reliable power and water, and are currently in use. Its “D” dock section still requires work, but will be fully operational within weeks. IGY also reports high demand for their slips in due to the condition of other marinas in the area.

The infrastructure of St. Thomas has also seen considerable improvements since the hurricanes. Electricity is restored to more areas daily, and current estimates place the overall repower at more than 50% of the island. Cellular coverage has largely been restored, while cable and internet repairs are underway but require more time to be operational. There are no longer curfews or other restrictions to daily life on the island.

Cruise ship traffic has returned to a near daily basis, with 5 ship days bringing in over 20,000 visitors to the island. Taxis are back on the roads, and transporting cruise ship guests to different destinations. Excursion boats, day sails, dive stores, and snorkeling adventures are open and operating daily. Restaurants, and other businesses are open.

In October, Founder and Chairman of IGY Marinas Andrew Farkas joined the Virgin Islands Hurricane and Resiliency Advisory Group, which focuses on hurricane damage assessments and recovery efforts in the territory. The advisory group was given $1.4 million to aid relief efforts, which was generated by the United States Virgin Islands Recovery effort.

IGY Marinas is a subsidiary of Andrew Farkas’s Island Capital Group, and is a leading organization within the global yachting industry. The re-opening of its marina in the USVI is an indication of the territory’s improvement after the hurricanes, and also a testament to IGY’s continued commitment to the economic success and restoration of the USVI.