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CRA board approves 5-month extension for Sankofa's Glenwood Town Center amid stormwater concerns
Summary
The Panama City CRA board voted unanimously April 7 to grant the Sankofa Group a five-month extension to its due-diligence period for the Glenwood Town Center after engineering work identified stormwater constraints and a possible $890,000'1.8 million remediation range tied to FDOT requirements.
The Panama City Community Redevelopment Agency board voted unanimously April 7 to extend by five months the Sankofa Group's due-diligence period for the proposed Glenwood Town Center at MLK Boulevard and 15th Street.
Staff said the extension will allow engineers and the developer to resolve stormwater design issues that emerged during additional analyses. Staff's briefing noted the site's alignment along state-controlled highways requires meeting Florida Department of Transportation stormwater standards; preliminary cost estimates for solutions ranged from approximately $890,000 to $1.8 million.
Pedro Gassant, representing the Sankofa Group,…
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