CC: Nevin J. Zimmerman, Esq., City Attorney

Community Redevelopment Board · 2026-05-05 · agenda_item

The Panama City Community Redevelopment Agency (CRA) is developing a Redevelopment Site Preparation Grant Program. This program aims to help property owners and developers by providing financial aid for demolition, debris removal, and site clearing. These activities are intended to prepare sites for new development or major renovations within the CRA's designated districts. The program is currently under review by the CRA Board, with final decisions needed on award caps, annual budgets, and funding methods. Once finalized, the program will likely involve site clearing and grading, demolition, and potentially environmental remediation. Contractors, suppliers, and service providers interested in this type of work should engage with the CRA early, as the program details and application requirements are still being shaped. This early engagement can provide a competitive advantage before formal bids and permits are issued.

award cap

100,000 dollars

award cap

20 percent

annual program budget

500,000 dollars

initial district allocation

125,000 dollars

initial district allocation

150,000 dollars

initial district allocation

100,000 dollars

initial district allocation

400,000 dollars

future annual allocation

10 percent

future annual allocation

15 percent

competitive quotes threshold

3,499 dollars

redevelopment deadline

6 months

redevelopment deadline

12 months

redevelopment deadline

18 months

FY2026 TIF revenue allocation

20 percent

FY2026 TIF revenue allocation

118,000 dollars

FY2026 TIF revenue allocation

0 dollars

FY2026 TIF revenue allocation

214,000 dollars

FY2027 estimated allocation

118,000 dollars

FY2027 estimated allocation

284,000 dollars

FY2027 estimated allocation

178,000 dollars

FY2027 estimated allocation

20 percent