CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net loss	$ (2,480)	$ (880)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion and amortization	2,325	2,328
Stock based compensation	3	491
Accretion income	(188)	(110)
Equity in loss from unconsolidated joint ventures	12	11
Deferred income tax benefit	5	647
Pension charges (benefit)	79	(247)
Cost of operating properties sold	4,866	7,162
Expenditures for operating properties	(5,070)	(8,296)
Changes in operating assets and liabilities:
Notes receivable, net	(1,156)	440
Other assets	(1,876)	249
Accounts payable and accrued liabilities	7,338	1,836
Net cash provided by operating activities	2,324	3,631
Cash flows from investing activities:
Purchases of property and equipment	(528)	(181)
Cash receipts from retained interest investments	196
Net cash used in investing activities	(332)	(181)
Cash flows from financing activities:
Contribution to Pier Park North joint venture from noncontrolling interest	713
Taxes paid on behalf of employees related to stock based compensation and reduction in excise tax benefits on stock options	(33)	(152)
Net cash provided by (used in) financing activities	680	(152)
Net increase in cash and cash equivalents	2,672	3,298
Cash and cash equivalents at beginning of the period	165,980	162,391
Cash and cash equivalents at end of the period	168,652	165,689
Cash paid during the period for:
Interest	608	1,802
Income taxes		118
Non-cash financing and investment activities:
Net decrease in Community Development District Debt	168	172
Net decrease in pledged treasury securities related to defeased debt	142	510
Expenditures of operating properties and property and equipment and financed	472	439
Pier Park North
Adjustments to reconcile net loss to net cash provided by operating activities:
Expenditures for operating properties	$ (1,534)