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Panama City CRA approves tax-increment rebate awards for two downtown redevelopment projects
5580367 · August 14, 2025
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Summary
The CRA board approved tax increment rebate awards for Wilson Avenue Redevelopment LLC and Vittles Incorporated, setting award caps, durations and an 80% award rate under the program.
The Panama City Community Redevelopment Agency on July 29 approved two tax-increment rebate program awards for downtown redevelopment projects, both at an award rate of 80% of eligible project costs and durations not to exceed 15 years.
Staff recommended and the board approved a performance agreement with Wilson Avenue Redevelopment LLC for properties at 724 and 728…
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