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Commission shifts downtown strategy to P3s, rejects breezeway bids and hires financial consultant for marina analysis
Summary
Panama City commissioners directed staff to pursue P3 solicitations for downtown parcels, rejected prior breezeway bids and approved a PFM task order Oct. 14 to analyze marina uplands and revenue scenarios.
Panama City commissioners on Oct. 14 directed staff to pursue a more proactive public–private partnership (P3) approach for downtown parcels, rejected earlier bids for a breezeway development on Harrison Avenue, and approved a task order with financial consultant PFM to expand analysis of marina uplands and potential revenue sharing.
During the meeting staff reported one previously negotiated offer for a downtown parcel rescinded for being above market and that three previously auctioned parcels remain available. Several commissioners said auctions alone had not produced the type of development residents want and asked staff to return with structured P3…
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