Starting in 1972, when he was only 20, R. W. Reynolds tried for eight years to put together the financing for the Vinoy. He said he was hampered by the 1970s recession and by what he saw as an uncooperative city government and by the vocal North Shore Neighborhood Association. He gave up his lease in August 1980. Reynolds lives in St. Petersburg and is still working as a developer. His Vinoy effort was "quite an experience . . . but a costly one."