In November 2006, the Bluegreen Corporation announced the purchase of seven acres of land that adjoins the Treasure Island Water and Theme Park in the resort and entertainment community of Wisconsin Dells. Additionally, Bluegreen purchased 24 unsold existing timeshare units at the Treasure Island Park.

Representatives of the Bluegreen timeshare company say their development plans include approximately 75 two and three-bedroom interval timeshare units, which they estimate will be available starting in 2008, with some units not completed until 2009. Additionally, the Bluegreen timeshare company plans to reconfigure and update the existing 24 units at the location, with a target occupancy date of the third quarter 2007.

The Bluegreen Corporation also bought the property management rights for the original 24 units and established a marketing partnership with the resort’s owner and operator, Treasure Island, LLC.

Wisconsin Dells is a unique community located along the Wisconsin River in the central portion of the state. The area bills itself as “The Water Park Capital of the World” and attracts millions of tourists each year for both the indoor and outdoor recreation and entertainment.