For a history of Venetian Isles, I’ll defer to the write-up on the Venetian Isles HOA website itself: http://www.ourvi.org/about.html
“George R. Davis, a major developer on the Suncoast in the 1950s, was the “spark plug” in the development of Venetian Isles by obtaining the deed to the submerged waters of Tampa Bay that would become Venetian Isles in 1959 for $34,412.50. Actual development of homes did not start until 1968 due to construction and financial problems encountered by the various developers of Venetian Isles. Sibley Homes completed development of the remaining lots in the early 1970’s. The authority and responsibility of maintaining and enforcing the deed restrictions was turned over to the Venetian Isles Homeowners Association., Inc. in 1970.
Venetian Isles was developed as a submerged water landfill project built at an elevation of approximately 5-7 feet above the natural shoreline. As a result of this elevation, Venetian Isles has been spared from flooding during the storms and hurricanes that have hit Tampa Bay over the past 50+ years.”