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CRA approves two tax‑increment rebate awards for downtown redevelopment projects
3173942 · May 2, 2025
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Summary
The Panama City CRA approved two separate TIF rebate performance agreements: up to $211,066.64 for 445 Grace Avenue and up to $107,798.34 for 401 East Sixth Street, each for up to 15 years and subject to performance agreements and ownership/requirement conditions.
The Panama City Community Redevelopment Agency on April 15 approved two tax increment rebate awards tied to redevelopment projects within the downtown CRA district.
Staff presented the Lighthouse 445 Grace Avenue application and recommended a 90% rebate of eligible project costs — not to exceed $211,066.64 —…
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