Stephen Deckoff buys Jeffrey Epstein’s islands for $60M to build luxury resort

[mystery-ak]

 Stephen Deckoff buys Jeffrey Epstein’s islands for $60M to build luxury resort
By Shannon Thaler   
May 4, 2023 1:33pm

Billionaire Stephen Deckoff spent $60 million to buy Jeffrey Epstein’s two Caribbean islands, which were the the so-called headquarters of the convicted pedophile’s international sex trafficking ring.

The 57-year old co-founder of private equity firm Black Diamond Capital Management has plans to turn the infamous islets — with the smaller of the two dubbed “Pedophile Island” or “Epstein Island” — into a 25-room luxury resort that’s slated for a 2025 opening.

Both of the islands — Great St. James and Little St. James — were originally listed for $125 million in 2021, three years after Epstein died by suicide in his Metropolitan Correctional Center jail cell.

By 2022, the original asking price was later slashed to $110 million, or $55 million each, and a year later Deckoff made the purchase in a nearly two-for-one deal.

A significant portion of the sale proceeds will go towards the $105 million sex trafficking case against Epstein’s estate settled by the US Virgin Island’s government, AP reported.

Nevertheless, it appears that Deckoff doesn’t plan to demolish the creepy compound where Epstein sexually abused girls and young women.

The Financial Times reported that his development includes plans to “convert” Epstein’s estate into a hotel.

“I’ve been proud to call the US Virgin Islands home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination befitting its natural grace and beauty,” Deckoff told the FT in a statement.

more
https://nypost.com/2023/05/04/stephen-deckoff-buys-jeffrey-epsteins-islands-for-60m/

[libertybele]

Stephen Deckoff buys Jeffrey Epstein’s islands for $60M to build luxury resort
By Shannon Thaler   
May 4, 2023 1:33pm

Billionaire Stephen Deckoff spent $60 million to buy Jeffrey Epstein’s two Caribbean islands, which were the the so-called headquarters of the convicted pedophile’s international sex trafficking ring.

The 57-year old co-founder of private equity firm Black Diamond Capital Management has plans to turn the infamous islets — with the smaller of the two dubbed “Pedophile Island” or “Epstein Island” — into a 25-room luxury resort that’s slated for a 2025 opening.

Both of the islands — Great St. James and Little St. James — were originally listed for $125 million in 2021, three years after Epstein died by suicide in his Metropolitan Correctional Center jail cell.

By 2022, the original asking price was later slashed to $110 million, or $55 million each, and a year later Deckoff made the purchase in a nearly two-for-one deal.

A significant portion of the sale proceeds will go towards the $105 million sex trafficking case against Epstein’s estate settled by the US Virgin Island’s government, AP reported.

Nevertheless, it appears that Deckoff doesn’t plan to demolish the creepy compound where Epstein sexually abused girls and young women.

The Financial Times reported that his development includes plans to “convert” Epstein’s estate into a hotel.

“I’ve been proud to call the US Virgin Islands home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination befitting its natural grace and beauty,” Deckoff told the FT in a statement.

more
https://nypost.com/2023/05/04/stephen-deckoff-buys-jeffrey-epsteins-islands-for-60m/

Bring the area a world-class destination?  I certainly don't see it that way unless he were to demolish it and even at that the history behind the area still would remain creepy.

[Kamaji]

He's going to have an uphill battle to overcome the location's notoriety and reputation.