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City says marina talks with City Marina Partners are advancing; 50-slip downtown target remains
Summary
City Manager Jonathan Hayes said the city is finalizing financial analysis with a second advisory firm and expects to return a negotiated proposal with City Marina Partners (CMP) for commission consideration, focusing first on building slips and operations while the uplands remain subject to Saint Joe’s right of first refusal.
City Manager Jonathan Hayes told commissioners at a Panama City virtual workshop that negotiations with City Marina Partners are advancing and that the city hopes to return a negotiated agreement for the downtown marina in July.
Hayes said the commission previously voted to bring in a second financial advisory firm (PFM) to review the proposal. That second review recently finished and “the preliminary reports I'm getting is that, what the financial advisors are saying will work. CMP has agreed to that, and so we need to just kinda finalize that,” Hayes said.
Why it matters: commissioners said downtown slips and upland redevelopment could reshape downtown access by water, add merchant and ad valorem tax base, and support…
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