PHILIPSBURG:--- Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) Grisha Heyliger-Marten announced significant progress on the Philipsburg Marketplace redevelopment project while also addressing hurricane preparedness measures and the economic benefits generated by major events such as Soul Beach and Carnival.
Speaking during Wednesday's Council of Ministers Press Briefing, the Minister confirmed that the Ministry has received the updated building permit from the Ministry of VROMI, allowing the long-awaited Philipsburg Marketplace redevelopment project to move fully into its next phase.
The Minister noted that discussions are currently underway among contractors, project managers, and relevant stakeholders to finalize construction schedules and coordinate upcoming works. Preparatory activities have already been completed, with construction planning continuing to advance.
Describing the project as a major investment in the revitalization of Philipsburg, the Minister said the redevelopment will support local vendors, improve the visitor experience, and create a modern marketplace that will serve the community for years to come.
The Minister reiterated that marketplace vendors will receive project updates before broader public announcements, recognizing them as the stakeholders most directly impacted by the redevelopment.
Attention was also given to the ongoing 2026 Atlantic Hurricane Season. The Minister announced that updated maximum-price lists for hurricane- and disaster-related items will soon be published. The price controls will apply to selected food products, hardware and construction materials, as well as certain pharmaceutical and medical supplies.
The measure is intended to prevent price gouging and ensure essential goods remain reasonably accessible during emergencies. Residents were encouraged to begin preparations early and not wait until a storm is imminent.
The Minister also addressed recent public discussion of comments from the Council of Advice on the draft 2026 national budget, particularly regarding government support for Soul Beach and Carnival.
While acknowledging the importance of accountability, transparency, and proper oversight, the Minister emphasized that discussions about public investments should also consider economic impact.
The Minister noted that Soul Beach and Carnival generate benefits across multiple sectors, including hospitality, transportation, food service, entertainment, retail, security, and other small business activities.
Citing findings from an independent Social Economic Council (SER) review commissioned by the Ministry, the Minister reported that Soul Beach attracted approximately 2,556 international visitors, generated more than US$525,000 in operational spending, and contributed tourism-related economic activity estimated at up to US$7.26 million.
Although the report advised caution regarding the higher-end estimate, the Minister said even conservative calculations demonstrate significant economic benefits for Sint Maarten.
"The people of Sint Maarten deserve accountability," the Minister concluded. "But they also deserve the complete picture."
The briefing concluded with the Minister reaffirming government's commitment to balancing responsible governance with investments that support long-term economic growth and community development.
