Decision expected Tuesday on fate of Treasure Island Resort

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DAYTONA BEACH SHORES, Fla. - Changes could soon come to the damaged Treasure Island Resort in Daytona Beach Shores, Channel 9 has learned.

Tuesday night, city leaders will meet to decide on a development plan with the owner. If approved, city officials say crews would have 90 days to start demolition and gut the building.

The plan would also require the owner, Rait, to maintain the property and provide city leaders with annual updates on the progress.

Even though there are no plans to turn Treasure Island into a resort again, Tuesday's decision could lead to the most progress seen in years.

If approved, the city of Daytona Beach Shores would waive $800,000 in code enforcement fines.

Rait would then have to gut the building and secure it in case of hurricanes. The company would also be required to maintain the property and provide updates on the development.

A neighboring business owner said it's a step in the right direction, but everyone ultimately wants to see another resort there.

If city leaders move forward with the agreement, demolition in the building would have to start in the next 90 days.