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| Artist drawing of resort. Courtesy illustration |
Construction crews are less than a year away from completing a resort in Northwest Florida being developed under an enhanced use lease (EUL) with the Air Force. The fifth floor will be poured sometime before August. The Holiday Inn Resort, set to open in the spring of 2014, is being built on 17 acres of land on Santa Rosa Island owned by Eglin Air Force Base. The land is used to perform telemetry testing by the 96th Test Wing. The 50-year lease agreement the Emerald Breeze Resort Group entered into with the Air Force in November calls for the developer to make monthly lease payments based on hotel revenue. In addition, the developer will provide infrastructure for the 96th Test Wing to install test monitoring equipment, which previously sat at ground level, on the hotel's roof. (Source:
AFCEC Public Affairs, 07/18/13)
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