Longboat Key Club & Resort Re-files Application for Islandside Redevelopment Project

Previously Approved Application In-step with Updated Codes

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. September 14, 2012

Longboat Key, FL - September 14, 2012 - Longboat Key Club & Resort announces it is re-filing its application for approval of the Islandside Redevelopment project with the Town of Longboat Key this week.

“We are pleased to be moving forward with our Islandside Redevelopment project, putting into motion plans that have been in the making for a number of years,” said Michael Welly, General Manager of Longboat Key Club & Resort. “We appreciate the support of the Town and the residents who have persevered with us throughout this process. They recognize the significance of the project to the Club and to the economic viability of the island. We are looking forward to moving the project along at as fast a pace as is allowable.”

Upgrading and expanding the facilities at the Longboat Key Club & Resort will ensure that it remains in the top tier of luxury resort destinations for decades to come. With the proposed improvements, Club members and guests will have access to the highest level of resort facilities and services. The Longboat Key community will benefit from the boost in property values and ambience created by a revitalized top of the line resort destination on the island.

With the latest regional economic report noting Longboat Key Club & Resort as one of the top ten employers in Sarasota County, the project's impact will not only be felt on Longboat Key, but will bolster the economies of Sarasota and Manatee counties with the creation of approximately 100 - 150 permanent full-time jobs, part-time and seasonal jobs and construction and engineering jobs. Once the project is completed, the additional taxes that will be generated will flow into the local economy as well as stimulate tourism to the island, Sarasota and the region.

The $400 million redevelopment of the Club's Islandside property includes:
 Rees Jones designed 18 Hole Golf Course
 New, luxury green certified hotel featuring 196 rooms and 76 private residences
 New Wellness Center with Enhanced Spa and Fitness Facilities
 New Meeting Center with 17,000 square feet of usable function space
 New golf clubhouse, restaurant and pro shop
 Five luxury villas along the golf course for a total of 32 residences
 Three luxury villas along New Pass Cove with a total of 20 residences
 One luxury condominium building with a total of 27 residences adjacent to the new hotel on New Pass Cove  Beautiful, lush landscaping and pedestrian walkways designed by internationally acclaimed landscape architecture firm EDSA
 Swimming pools to include a new feature pool, a pool bar and an active children's pool with extensive landscaping, lighting and zero-entry design
 In addition to the 20 court Tennis Gardens, four new state-of-the-art HydroGrid tennis courts for resort play

About Longboat Key Club and Resort

Longboat Key Club & Resort is Sarasota's premier AAA Four-Diamond beachfront resort and private club renowned for its distinctive guest service and unparalleled amenities. Easily accessible from two international airports, the resorts on-site amenities include: championship golf; 25 Har-Tru tennis courts; a state-of-the-art Fitness Centre; Island House Spa offering over 50 services; six unique restaurants; a 291 slip deep-water marina; and a private white sand beach. Located at 220 Sands Pointe Road, Longboat Key, Florida, reservations can be made by calling (941) 383-8821, (800) 237-8821 or by contacting us online at www.longboatkeyclub.com.