In 2014, the Belleair Town Commission approved plans by the current owner, JMC Communities, for a $125 million development  to tear down all but the original structure's roughly 38,000-square-feet west wing, or 10 percent, after first documenting the hotel's history through photographs and written catalogs.
In 2014, the Belleair Town Commission approved plans by JMC Communities to develop a $125 million project that would demolish all but the original structure's 38,000 square foot west wing, which represents 10% of the building.