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CRA board authorizes purchase of 704 E. 15th St. for $175,000; site in state cleanup program
Summary
The CRA board approved purchase of a vacant commercially zoned parcel at 704 East 15th Street for $175,000. A Phase I environmental assessment found a historic petroleum release; the site is enrolled in the Florida DEP state-funded early detection and cleanup program, which will handle remediation monitoring and assessment.
The Panama City CRA board authorized staff April 7 to finalize purchase of a vacant commercial parcel at 704 East 15th Street for $175,000 using Downtown North CRA funds.
Staff said an appraisal from Sept. 9, 2025, valued the site at $250,000 and the owner agreed to a reduced sale price of $175,000. A phase I…
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