04.07.26 CRA BOARD MEETING MINUTES- DRAFT.PDF

Community Redevelopment Board · 2026-05-05 · agenda_item

The Panama City Community Redevelopment Agency is considering an amendment to a performance agreement with Wilson Avenue Redevelopment, LLC. This agreement relates to a Tax Increment Financing (TIF) rebate incentive for the development of properties located at 724 and 728 Magnolia Avenue. The project involves the redevelopment of these two parcels. This item is currently under review by the Community Redevelopment Board. If approved, the project would likely involve site preparation, construction of new structures, and associated utility work. Local contractors, suppliers, and service providers are encouraged to engage with Wilson Avenue Redevelopment, LLC early in the process. Understanding the project details before final plans, bids, and permits are issued could provide a competitive advantage for securing future work.