Update: Gov. John deJongh was among 100 people who attended the official groundbreaking of the Pond Bay luxury hotel project at Chocolate Hole on Tuesday, according to the St. John Source.
The ceremony follows almost 30 years of planning and previous failed efforts to develop the land. Leona Smith, St. John Administrator, said Pond bay will be good for the economy. And the Source quoted Sen. Roosevelt David saying, “The taxi drivers are in favor of it.”
Full story: http://www.onepaper.com/stjohnvi/?v=d&i=&s=News:Local&p=1206159868
Believe me, there’s been plenty of ground broken already. 
Here’s what it looks like.
Marketing for the 15-acre “Luxury Private Residence Club” is well underway. There is a sales office at the Marketplace.
Plans are for 50 three-bedroom villas and cottage, a 140-seat fine dining restaurant and a 12,000 square-foot world-renowned ESPA destination spa which will, according to promotional material "feature relaxation rooms with tropical gardens, (and) heat experiences with coral steam rooms," Vitality Pools, Body Jet Showers and Rock Saunas and a gym.
Here’s a Web site promoting Pond Bay. It’s been on the web since last July. Things still move slowly on St. John: http://www.foliocollection.com/#pb-intro Islandia Real Estate is also marketing the project.