After suffering major hurricane damage last year, Treasure Island’s iconic Thunderbird Beach Resort will be completely demolished and rebuilt, potentially larger than before, while preserving its nostalgic charm.

The city’s Planning and Zoning Board unanimously approved a site plan last Thursday for a new four-story resort that will replace the 68-year-old property at 10700 Gulf Boulevard.

As first reported by St. Pete Rising, the rebuild calls for one single U-shaped building to house all 106 hotel rooms—the same number as before—on three levels above a 124-space surface parking lot beneath the structure, along with a 1,750-square-foot lobby and office space.

The resort’s appearance is expected to change significantly, but the Thunderbird name and its historic neon sign will remain.