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City moves to buy 704 East 15th Street; site in state cleanup program, staff says

Panama City Community Redevelopment Agency (CRA) Virtual Workshop · March 19, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff told the CRA the city is preparing to purchase 704 E. 15th St. for $175,000 (appraisal $250,000). A Phase I review found contamination from a former gas station; the site remains in a state cleanup and monitoring program that staff says will continue to oversee wells and remediation coordination.

City staff reported the results of a Phase I environmental assessment for the parcel at 704 East 15th Street and said the property will be presented to the city commission on March 24 for consideration and to the CRA on April 7 to discuss use of CRA funds.

The Phase I identified contamination consistent with a former…

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