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Date of Issue: February 03, 2010

Thrashers, PAR part ways

Mike and Lizzie Thrasher, residents of Anna Maria and the United Kingdom, are no longer partners in Pine Avenue Restoration LLC and its Pine Avenue projects.

In the parting of ways, the Thrashers purchased 503 Pine Ave. — “Cozy Corner”— from PAR and have their own plans for that property and others they own on Pine Avenue.

Lizzie Thrasher also announced that she and her husband have purchased the Pine Avenue Store at 307 Pine Ave., and will be looking for community input on what sort of improvements people would like to see at the store when they take over Feb. 18.

The Thrashers said they also want 503 Pine Ave. to be a community-type facility “in line with the comp plan and as a complimentary property to Beach Bum’s and the rest of the avenue.”

The Thrashers believe in the wise use of natural resources and sustainable materials, and recently installed solar panels at Beach Bum’s on Pine Avenue, a property they purchased several years ago.

They also own other Anna Maria properties, including some on Pine Avenue, some rental homes and their residence.

The Thrashers became principals in PAR in April 2009, and still have an interest in the Mainsail Beach Inn on 66th Street at the beach, and the Mainsail Lodge and Marina planned for Holmes Beach at the site of the former Tidemark project adjacent to Wachovia Bank.

PAR’s Mike Coleman said some individual PAR investors also are investors in the Mainsail project.

Mainsail Lodge and Marina is being developed by Mainsail Development LLC of Tampa.