Developers propose $15M revitalization plan for Bay Valley resort with Brownfield TIF

The Bay County Board of Commissioners held a special meeting on March 25, 2025, to discuss a significant redevelopment project for the Bay Valley Resort, a once-thriving destination that has fallen into disrepair. The proposed plan aims to revitalize the resort, which includes 147 guest rooms, meeting spaces, restaurants, and an 18-hole golf course, all of which have suffered from years of neglect.

During the meeting, representatives from StoryCo outlined their vision for the Bay Valley project, emphasizing the potential for positive community impact. They highlighted the current state of the resort, noting that only about 50 guest rooms are operational, while many others are gutted or in disrepair. The golf course, which charges $25 per round, is also struggling to attract visitors due to its condition.

The redevelopment plan is estimated to require around $15 million in capital, primarily for construction and acquisition costs. However, financing has proven challenging, with some lenders hesitant to invest due to the project's risks. To address these concerns, the team is seeking support from county, township, and state officials to secure funding through a Brownfield Tax Increment Financing (TIF) plan. This approach would capture future property taxes generated by the increased value of the property post-renovation to help offset initial costs.

The proposed renovations would address critical issues such as mold and asbestos, and include comprehensive upgrades to guest rooms, common areas, and the golf course. The team believes that with the right investment, Bay Valley can be transformed into a premier resort that benefits the local community and attracts visitors.

As discussions continue, the Bay County Board of Commissioners is considering how best to support this ambitious project, which could play a vital role in revitalizing the area and enhancing local tourism. The outcome of these efforts will be closely watched by residents eager for positive change in Bay County.