Belleview Biltmore Resort restoration funding secured, partners say

BELLEAIR, Fla. - The drawn-out struggle to keep wrecking crews away from the historic Belleview Biltmore Resort appears to have cleared a major hurdle.

Belleview Biltmore Partners, LLC announced Monday it has secured a funding commitment to purchase and renovate the hotel and purchase the Biltmore Golf Course currently owned by the Town of Belleair.

"Restoration of one of America's landmark vintage resorts would be a great step forward for the entire community, and bring an end to the division among town residents that has lasted for too long," Gary Rosenberg, managing member of BBP, said in a release. "Resolving the future of the Belleview Biltmore will also provide a clear path to the future for the Town of Belleair and help restore its tax base."

According to Rosenberg, the funding, from a private equity source, would allow the corporation to close on one or both transactions within 30 to 45 days.

"When pioneer railroad magnate Henry Plant chose to build the Belleview Biltmore on this bluff in 1895, he laid the foundation for the Town of Belleair," Rosenberg said.

More details could be revealed at the Town of Belleair Commission meeting on Tuesday.

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