IMAX 3D Theater Open Near Bluegreen St. Augustine Golf Resort

BOCA RATAON, FL, March 30, 2011

Bluegreen Corporation, a leading provider of Colorful Places to Live and Play, today announced that the World Golf Hall of Fame location of the IMAX 3D Theater, located near Bluegreen's Grande Villas at World Golf Village golf resort in St. Augustine, Florida, is open for business. The World Golf Hall of Fame IMAX is the Southeast's largest IMAX Digital 3D theater and only the fifth institution in the world with this new technology.

Bluegreen's Grande Villas at World Golf Village features a central location to St. Augustine championship golf courses and entertainment, particularly the World Golf Hall of Fame and its recently upgraded IMAX 3D Theater. Bluegreen Vacation Club owners and other guests at this St. Augustine golf resort are within walking distance of this 300-seat World Golf Hall of Fame IMAX Theater.

The new 3D IMAX Theater at World Golf Village provides a completely new experience for Grande Villas' owners and guests. With its largest in the Southeast screen, digital audio and video IMAX enhances the overall amenities of the area and contributes to turning World Golf Village in to a destination, an unique attraction.

"The Bluegreen owners will have, while staying at Grande Villas, an excellent accommodation, first class golf opportunities, and now - movie theater visit like never before in the new 3D IMAX." says Vesko Ivanov, Resort General Manager at Grande Villas at World Golf Village . "Combined with the history and charm of St. Augustine, relaxation at the beaches of First Coast and pampered by Grande Villas' customer service reward winning staff, our guests will have memorable and unparalleled vacation experiences."

The World Golf Hall of Fame IMAX 3D Theater now features a new digital 3D projection system, state-of-the-art sound system and a new screen. Currently, the theater is showing The Ultimate Wave Tahiti 3D, Under the Sea 3D, Space Station 3D and Hubble 3D, but will also feature a variety of educational and entertaining movies as well as special engagement Hollywood movies throughout the year as more 3D films become available.

Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen Corporation is the leader in providing Colorful Places to Live and Play through its vacation ownership resort and residential real estate business segments. Our more than 3,500 employees are passionate about delivering extraordinary experiences for our owners, travelers and business partners. Since 1996, Bluegreen has managed, marketed and sold a flexible, real estate-based vacation ownership plan with more than 222,600 owners, over 54 owned or managed resorts, and access to more than 4,000 resorts worldwide. Since 1985, Bluegreen Communities has developed master-planned residential and golf communities primarily in the southern and southeastern U.S., and has sold over 55,000 homesites. We also offer a portfolio of comprehensive, turnkey, fee-for-service resort management, financial services, customer generation and sales solutions to third-party developers and lenders. For more information, visit http://www.bluegreencorp.com or our travel portal http://www.colorfulplaces.com.