The hotel, which was built by Henry Plant in 1895, closed in 2009. The huge wooden structure has sat empty and decaying ever since.
Belleair Mayor Gary Katica says a local developer is under contract to buy it from the current owners, with plans to tear it down to build condos and townhomes.
"We don't need them here," said Karmen Hayes of Save the Biltmore. "We don't want it covered up in concrete. This is a very precious, historic hotel."
Photo Credit WFLA.com