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Presenter outlines TIF-backed redevelopment plan for Panama City's Hathway Bridge corridor
Summary
A presenter described plans to use tax increment financing and recently expanded CRA incentives to fund infrastructure, beautification and local business support in Panama City's Western Gateway, saying the approach aims to reinvest growth into the district without raising citywide property taxes.
Presenter said the Western Gateway into Panama City, anchored by the Hathway Bridge, is "quickly becoming a strategic redevelopment corridor in our area." The presenter framed the corridor as newly eligible for incentives after "the recent expansion of the St. Andrews CRA district," and urged development that aligns with the city's comprehensive plans.
"At the core of this opportunity is tax increment financing or tiff," the presenter said, defining the tool as "a model where…
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