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

Community Redevelopment Board · 2026-05-05 · agenda_item

The City of Panama City's Community Redevelopment Board is reviewing how other Florida communities use lending and grant programs to support redevelopment. This research is intended to help the Board consider future programs and funding strategies for the Panama City CRA. The review focuses on programs similar to Panama City in population and funding. Key takeaways suggest that funding often supports infrastructure improvements, property upgrades, and economic development incentives. This process is currently under review, meaning potential future projects could involve site preparation, demolition, infrastructure work, and property improvements. Local contractors, suppliers, and service providers should monitor these discussions, as future funding programs could create opportunities for businesses involved in construction, site work, and property enhancements. Early engagement with the CRA could provide insights into upcoming needs and potential projects.

city population

36000

districts

4

annual tif revenue

3900000 FY24

staff

2.5