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Panama City commission adopts resolution to expand St. Andrews community redevelopment area
Summary
The Panama City Commission unanimously adopted Resolution 20250408.1 on April 8, 2025, approving a finding of necessity and extending the boundary of the St. Andrews Community Redevelopment Area; the county will retain 26% of tax increment from the expanded parcels, the city said.
The Panama City Commission on April 8 adopted Resolution 20250408.1, approving a finding of necessity to expand the St. Andrews Community Redevelopment Area and authorizing an interlocal agreement with Bay County. The vote was 4-0.
The resolution, which cites the findings prepared by GAI Consultants, concludes that blighted conditions exist across approximately 2.14 acres and authorizes the city to add the territory shown in the attached exhibit to the St. Andrews CRA. City staff told commissioners the county negotiated to retain 26% of the tax-increment revenue generated by parcels in the newly expanded area; by contrast the city said the county kept 15% under an earlier Downtown North expansion.
Why it…
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