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Virgin Islands Economic Development Park Corporation 
Decision Meeting of Thursday, March 27, 2025 
Board Report Out 
 
 
During the Virgin Islands Economic Development Park Corporation (“EDPC”) Governing Board 
Decision Meeting on Thursday, March 27, 2025, the Governing Board heard an update on FEMA 
repairs to the EDPC facilities from the Director of Physical Plant and the CEO and one rent credit 
presentation and voted as follows: 
 
Regular Session: 
 
➢  Discussion Item: 
 
• Update on FEMA Repairs at EDPC Properties 
The Director, Physical Plant, provided a status update on FEMA repairs to the EDPC 
facilities – William D. Roebuck Industrial Park (St. Croix), Fleming Building St. Croix Office 
Building) and Virgin Islands Industrial Park (St. Thomas) to the Governing Board. No 
Governing Board action was taken. 
 
➢ Action Item: 
 
• Leatherback Brewing Company, LLC – Rent Credit  
Leatherback Brewing Company, LLC (“Leatherback”), a local craft brewery, executed its 
lease with the Economic Development Parck Corporation (“EDPC”) to rent approximately 
20,000 square feet of space at the William D. Roebuck Industrial Park (“Park”), Building 
#2, on February 14, 2017. The original lease was for a period of five (5) years commencing 
January 1, 2017 and terminating on December 31, 2022. The lease was renewed for a 
term of 11 years commencing January 1, 2023 and terminating on December 31, 2033. 
 
EDPC has been unable to repair the roof at Building #2 since Hurricanes Irma and Maria 
in September 2027. In October 2020, Leatherback was granted approval by the EDPC 
Governing Boad to repair the roof and install a solar micro-grid. FEMA did not allow EDPC 
to authorize Leatherback to complete the roof repairs without jeopardizing the entire 
FEMA PA Repair Project for the entire William D. Roebuck Industrial Park. Leatherback 
has incurred losses to its equipment, materials & supplies, tools, and inventory incurred 
due to the roof and solar project contract failure and has requested a rent credit for their 
losses since they were not allowed to repair the roof. 
 
The Governing Board voted (5 – 0) to: 
 
o Approve a credit of $142,850.43 for losses to its equipment, materials & 
supplies, tools, and inventory incurred due to the roof and solar project 
contract failure against outstanding rent for Leatherback Brewing Company, 
LLC.