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CRA authorizes negotiation with developer group, starts 30‑day notice for Glenwood redevelopment; approves SHIP reimbursement
Summary
After discussion with Retail Strategies and local stakeholders, the CRA board directed staff to begin negotiations with Amarin Design Group and affiliates, run a 30‑day notice required by statute, and approved reimbursing SHIP $373,489.59 to enable mixed‑use redevelopment of parcels at MLK and E. 15th Street in Glenwood.
The Panama City CRA board on Jan. 27 moved forward on redevelopment plans for the Downtown North/Glenwood site at the southwest corner of MLK Boulevard and East 15th Street by authorizing staff to negotiate with Amarin Design Group and affiliates and to issue the 30‑day statutory notice required for disposition of CRA property. The board also approved a separate staff recommendation to reimburse the State Housing Initiative Partnership (SHIP) program $373,489.59 for its share of prior parcel acquisitions at the site.
Board members heard a presentation from Retail Strategies, the retail economic development consultant the CRA retained. Retail Strategies recommended pursuing discussions with developers…
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