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Camp Creek Golf Club Receives Prestigious Recognition For Environmental Excellence
April 1st 2004 -


The St. Joe Company (NYSE: JOE), today announces that the Tom Fazio-designed Camp Creek Golf Club has been recognized for its environmental stewardship through designation as a Certified Audubon Cooperative Sanctuary by the Audubon Cooperative Sanctuary System (ACSS).

An international program administered by Audubon International and sponsored in part by the United States Golf Association, ACSS requires courses adhere to stringent standards designed to help preserve and enhance the environmental quality of their land. Camp Creek's efforts to achieve this designation were led by Superintendent Larry Livingston, whose comprehensive maintenance and agronomic plans have seen Camp Creek become one of the most environmentally-friendly courses in the southeastern U.S.

Livingston is a certified Audubon Steward, one of the very few so distinguished in Northwest Florida. As such, he is recognized by his peers as a leader in the industry and will be called on as a mentor for other superintendents and those seeking Audubon certification.

"We're very pleased at this distinction, as from day one it's been a major focus of everyone involved with Camp Creek to serve as environmental stewards," says Livingston. "St. Joe has provided unconditional support of our efforts to maintain and enhance the natural habitat of the plants and animals that make Florida's Great Northwest so wonderfully unique."

"Camp Creek Golf Club has shown a strong commitment to its environmental program," says Joellen Zeh, Program Manager for the ACSS. "To reach certification, a course must demonstrate that they are maintaining a high degree of environmental quality in a number of areas. They are to be commended for their efforts to provide a sanctuary for wildlife on the golf course property."

Featuring a unique "dunescape" appearance, Camp Creek was recently ranked #8 in Golfweek magazine's annual "America's Best State-by-State" survey of the roughly 675 public-access courses in Florida. Increasingly cited as one of Fazio's best works since opening three years ago, Camp Creek was created for nearby owners and guests at St. Joe's WaterColor and WaterSound Beach residential and resort communities.

WaterColor Inn and Resort, a member of the prestigious "Small Luxury Hotels of the World," offfers a variety of accommodations through WaterColor's vacation rental homes and cottages. Fine and casual dining, boutique shopping and myriad recreational opportunities complement the exceptional resort community experiences.

For more information, visit www.campcreekflorida.com, www.watercolorflorida.com and www.watercolorvacations.com or call 888.853.4077. For tee times at Camp Creek, call 850.231-7600.

About Camp Creek

Camp Creek is the first of two championship courses being developed by Arvida, the community development arm of The St. Joe Company, in Panama City Beach, Fla. The 18-hole, par-72, Tom Fazio-designed championship course measures 7,151 yards and is accentuated by magnificent wetlands, woodlands, lakes, sand dunes and rolling contours. Camp Creek recently received certification in Environmental Planning from the Audubon Cooperative Sanctuary System.

Among the resources at Camp Creek are a driving range, short game area, practice putting green, pro shop, and snack bar. Future plans call for a second 18-hole golf course as well as a central clubhouse. Created for owners and guests at the nearby Arvida communities of WaterColor and WaterSound Beach, the course is currently welcoming daily fee play.

http://www.arvida.com/campcreek/


About WaterColor

WaterColor is a 499-acre Southern coastal resort and residential community in Northwest Florida, directly on the Gulf of Mexico, adjacent to the acclaimed Grayton Beach State Recreation Area along south Walton County's Scenic Highway 30A. It is being developed by Arvida, the community development arm of The St. Joe Company (NYSE: JOE). At full build-out, the community is planned to include 1,140 residences; BeachClub; tennis club; BoatHouse; 60-room inn; commercial space; dune walkovers and boardwalks and a lakefront park. Nearly half the site is being devoted to open space and preservation areas.

Master-planned by Cooper, Robertson and Partners, a New York-based architectural firm, WaterColor won one of eight community design awards bestowed by the American Institute of Architects in 2002. For more information, visit www.watercolorflorida.com.


About Arvida

Arvida is one of the Southeast's premiere developers of master-planned residential, resort and business communities nationwide. Since the company was founded more than 40 years ago by Arthur Vining Davis, it has completed more than 60 planned communities comprising more than 40,000 new homes and 30 golf courses in Florida, Georgia, Texas, California, South Carolina, and North Carolina. For more information on Arvida, visit www.arvida.com.


About St. Joe

St. Joe, a publicly held company based in Jacksonville, Florida, is one of the state's largest real estate operating companies. It is engaged in community, commercial, industrial, leisure and resort development, along with commercial real estate services. The company also has significant interests in timber. For more information on St. Joe, visit www.joe.com.

# # #

c2003 The St. Joe Company Inc., the "taking flight" logo is a service mark of The St. Joe Company. "WaterColor" and the "WaterColor" logo are registered service marks of The St. Joe Company. Arvida is a registered service mark of St. Joe/Arvida, L.P.


Forward-Looking Statements

Certain matters discussed in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some matters involve risk and uncertainty, and there can be no assurance that the results described in such forward-looking statements will be realized. In particular, discussions regarding the size and number of residential units, expected development timetables and development approvals, and the ability to obtain approvals, anticipated price ranges of developments, the number of units that can be supported upon full build-out of development, are forward-looking statements. Such statements are based on current expectations and are subject to certain risks. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the company's actual performance may differ materially from that indicated or suggested by any forward-looking statement contained herein. Additional risk factors that may cause actual results to differ materially from those expressed in forward-looking statements contained in the press release are described in various documents filed by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2002 and a Prospectus dated June 17, 2002.
 
Further Resources:
http://www.auduboninternational.org/

684 Fazio Drive, WaterSound, FL 32461 | 850.231.7601

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