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Panama City conditionally approves sale concept of former nursing‑home site at 1937 Jinx Avenue for $2.8 million
Summary
Commissioners approved staff’s recommendation in concept to sell the former nursing‑home site at 1937 Jinx Avenue to the current lessee for $2.8 million and instructed staff to return with a purchase contract and deed restrictions intended to ensure a nursing facility is rebuilt.
The Panama City Commission on July 8 approved in concept a staff recommendation to sell the former nursing‑home site at 1937 Jinx Avenue to the site's lessee for $2,800,000, with staff instructed to return with a purchase agreement and deed restrictions before closing.
City staff told commissioners the lessee holds a 20‑year lease that began in 2010, with an option for an additional 10‑year renewal that would extend to 2040. The…
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