DAYTONA BEACH SHORES — The countdown clock could soon start ticking on the demolition of the abandoned Treasure Island Resort, a longtime beachside eyesore
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The Daytona Beach Shores City Council on Tuesday is slated to vote on the second reading of a development agreement that provides incentives to the property’s owners, New York-based Acres Capital LLC, to demolish the deteriorating remains of the once popular hotel and redevelop the site into a new hotel-condominium complex.
The vote initially had been scheduled for the Council’s meeting Jan. 25, but it was pushed back a week due to a technicality related to the publication of a required legal advertisement. The agreement now will be considered at a 4 p.m. meeting on Tuesday in the City Council chambers at the Shores Community Center, 3000 Bellemead Drive, Daytona Beach Shores.
