Archive · 2 Sep 2025
Epstein's Island Revamp Stalls: No Progress After Acquisition
Imagine a place that was once a very bad place, like a playground for bad people.
A new person bought it to make it a fancy resort, like a hotel for rich people.
They promised to build it by 2025.
But, even though they said they would build it, nothing has happened.
The new owner has been quiet, and there's no sign of building.
The place still looks the same as it did when the bad person owned it.
It seems like it's hard to forget what happened there, and fixing it up has become a tough job.
Stephen Deckoff acquired Little St. James and Great St. James, previously owned by Jeffrey Epstein.
Deckoff planned to build a 25-room luxury resort on the islands.
Despite the announcement in 2023, no development applications have been filed.
Local reports confirm no construction or renovation has begun.
The project's 2025 opening now seems highly unlikely.
- Who
- Stephen Deckoff, a billionaire private equity mogul, acquired Epstein's islands.
- What
- The planned transformation of Jeffrey Epstein's islands into a luxury resort has stalled.
- When
- Deckoff acquired the islands in 2023, with a planned 2025 opening, but no construction has started.
- Where
- Little St. James and Great St. James islands in the US Virgin Islands.
- Why
- The project appears to have stalled, with no visible progress two years after the announcement.
- Former Owner
- Jeffrey Epstein
- New Owner
- Stephen Deckoff
- Islands Acquired
- Little St. James and Great St. James
- Purchase Price
- $60 million
- Original Asking Price
- $125 million
- Proposed Resort
- 25-room ultra-luxury resort
- Original Aimed Opening
- 2025