EDC Ends Epstein Era At American Yacht Harbor

The Economic Development Commission removed Jeffery Epstein’s name from American Yacht Harbor’s tax-exemption records Tuesday, nearly four years after the disgraced financier died in prison.

Epstein had owned half of the Vessup Bay dock and retail building. Co-owner, Island Global Yachting Facilities Limited, bought the other half from Epstein’s estate in 2021 after the sex offender’s 2019 prison suicide.

The sole owner is the White Plains, New York company, now called Island Global Yachting Facilities LLC. Neither American Yacht Harbor nor Island Global Yachting’s IGY Marinas returned calls for comment.

The EDC formally removed Epstein’s name on tax exemptions that the U.S. Virgin Islands uses to lure new businesses. They can last decades and cover 100 percent of sales.

With his primary address as Little St. James island, Epstein had two tax-break beneficiaries. The other was Southern Trust Company.