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Panama City nears agreement with City Marina Partners for downtown slips; uplands access and infrastructure still unresolved
Summary
City staff said negotiations with City Marina Partners (CMP) are advancing and the financial advisers indicate a full slips buildout could be viable; commissioners stressed the need to start with 50 downtown slips while questions about uplands access, utilities and parking remain.
Panama City staff told commissioners the city is close to finalizing terms with City Marina Partners (CMP) to operate and build boat slips at the downtown marina, but commissioners said infrastructure on the uplands and Saint Joe’s first right of refusal remain open policy questions.
The commission discussed using an interim agreement to get an initial 50 downtown slips permitted and installed while further work continues on a long-term uplands plan.
Why it matters: Commissioners said boat slips and an operating fuel and ship store would increase downtown access and tax revenue; they also warned that uplands infrastructure (water, sewer, power, parking) must be addressed for full buildout.
Most-important details - Staff reported they expect to meet with PFM (financial advisers)…
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