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Strategies & Market Trends : St. Joe Company (JOE)

JOE 55.01

+12.1%

Oct 30 3:59 PM EDT

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From: JakeStraw	5/26/2005 1:31:47 PM
	of 93

State of Florida Finds Franklin County Comprehensive Plan, Including St. James Island, in Compliance biz.yahoo.com Thursday May 26, 12:30 pm ET Proposed Plan Amendment Includes 3,440 Residential Units on 5,404 Acres Owned by The St. Joe Company JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 26, 2005-- The Department of Community Affairs of the State of Florida published a notice of intent today indicating that it has found an amendment to Franklin County's comprehensive plan to be in compliance with state law. The land-use plan includes a revised future land-use map for St. James Island that could add land-use entitlements for up to 3,440 residential units on 5,404 acres owned by The St. Joe Company (NYSE:JOE). A 21-day public appeal period is limited to state law compliance issues. Final action on these land-use entitlements is subject to the expiration of the challenge period. In addition, certain regulatory and environmental permits are required before development can begin.

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