The $200 million number could easily double, Williams told a breakfast meeting at the resort, area sources who attended the session, tell GlobeSt.com. Williams estimated the redevelopment undertaking could add up to 680 new jobs and $100 million in annual revenue to Hall County coffers.

Williams has retained Orlando-based Canin Associates Inc. to master plan Lake Lanier Islands and have the blueprints ready by fall. The first construction phase of the redevelopment is tentatively set for 2008, Williams has told local brokers and government officials.

A potential victim of the redevelopment will be the shuttered Renaissance PineIsle Resort and Golf Club, once ranked as North Georgia's No. 1 vacation destination, Williams has also told local development sources. Williams inherited the PineIsle property in August 2005 after Marriott International Inc. closed the hotel because it was not profitable, as GlobeSt.com previously reported.