CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 221	$ (705)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion and amortization	4,660	4,785
Stock based compensation	247	1,002
Loss on disposal of plant and equipment	0	272
Equity in loss from unconsolidated joint ventures	27	20
Pension charges	410	771
Cost of operating properties sold	7,948	9,835
Expenditures for operating properties	(11,207)	(13,764)
Other	(329)	122
Changes in operating assets and liabilities:
Notes receivable, net	(1,126)	456
Other assets	(2,468)	(860)
Accounts payable and accrued liabilities	10,627	5,847
Net cash provided by operating activities	9,010	7,781
Cash flows from investing activities:
Purchases of investments	(115,410)	0
Expenditures for Pier Park North joint venture	(4,933)	0
Purchases of property and equipment	(1,889)	(193)
Net cash used in investing activities	(122,232)	(193)
Cash flows from financing activities:
Contribution to Pier Park North joint venture from non-controlling interest	1,743	0
Repayments of long term debt	(285)	(431)
(Reduction in) excess excise tax benefits on stock options	(8)	503
Taxes paid on behalf of employees related to stock based compensation	(25)	(152)
Net cash provided by (used in) financing activities	1,425	(80)
Net (decrease) increase in cash and cash equivalents	(111,797)	7,508
Cash and cash equivalents at beginning of the period	165,980	162,391
Cash and cash equivalents at end of the period	54,183	169,899
Cash paid during the period for:
Interest	1,467	2,261
Income taxes	3	153
Non-cash financing and investment activities:
Net increase (decrease) in Community Development District Debt	2,706	(298)
Decrease in pledged treasury securities related to defeased debt	(277)	(1,025)
Expenditures of operating properties and property and equipment financed	463	1,190
Settlement of note receivable	$ 312	$ 0