Government of the Virgin Islands v. 8,560 Square Feet of Land

MEMORANDUM OPINION

(April 8,2005)

THIS MATTER comes before the Court on motion of Defendants A.H. Lockhart and Company and H.E. Lockhart Management, Inc. (“Defendants”), requesting compensation for the value of certain *158development costs and expenses incurred in the enhancement of land at 30-31 Norre Gade, Kings Quarter, St. Thomas (the “subject property”), Plaintiffs opposition thereto and Defendants’ Reply.

Defendants assert that that they incurred development costs totaling One Hundred Nine Thousand Two Hundred Sixty-Seven Dollars and Twenty-Five Cents ($109,267.25). See Stipulation at…