havensight

The V.I. Government Employees’ Retirement System is removing the West Indian Co. as the manager of the Havensight Mall on St. Thomas. WICO will now only be responsible for operating the dock.

ST. THOMAS — The West Indian Co.’s ouster as manager of the Havensight Mall on St. Thomas has left WICO officials “extremely disappointed” and wary that a change in management will lead to several employee layoffs.

Last month, the Government Employees’ Retirement System Board of Trustees declined to renew WICO’s management agreement of the mall, citing shrinking revenues and rising operating costs.

— Contact A.J. Rao at 340-714-9104 or email ajrao@dailynews.vi.