Article: Silverleaf to Significantly Expand Its Hill Country Resort.

DALLAS--(BUSINESS WIRE)--June 25, 1999--

Silverleaf Resorts, Inc. (NYSE:SVR) expects to invest more than $20 million over the next five to seven years in its Hill Country Resort to add new recreational amenities, approximately 240 units and a new 16,800 square foot sales center. Hill Country Resort is located in the beautiful Hill Country recreation area of central Texas.

The planned expansion will more than double the number of existing units and significantly upgrade recreation areas at the 122-acre resort overlooking Canyon Lake. As part of this improvement plan, Silverleaf recently completed more than $3 million in construction, including a new 8,500 ...

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