Panama City Real Estate | Panama City Beach Real Estate

Community Redevelopment

Panama City Real Estate is pleased to offer the following guide for the Community Redevelopment projects occuring along Front Beach Road and Thomas Drive in Panama City Beach, Florida.

These Community Redevelopment projects where created to alter the landscape of the beach area and offer visitors and residences a more inviting and modern facade to the Panama City area.

Panama City Real Estate | CRA Scope

* What is it?

  • Local Florida governments designate areas as Community Redevelopment Areas (CRA) and create an agency to assist in eliminating and preventing areas detrimental to the health, safety and economic development of that area (FL law chapter 163, Part III).
  • Plans are written and approved consistent with local comprehensive plans.
  • Examples of conditions that qualify an area for CRA creation include: inadequate transportation systems and buildings, shortage of affordable housing, inadequate parking and other inadequate infrastructure. w The CRA will stimulate and support investment and redevelopment activities in the CRA, enhance the entire community, and increase property values.
* Information provided by www.pcbonthemove.com

Here is an artists rendition of how the area is to be viewed at completion:

 

Panama City Real Estate | CRA
Panama City Real Estate | CRA 

 

The proposed changes not only include a new facade but also a tram system to assist visitors and residents in navigating the many restaurants, businesses and entertainment venues along the new corridor.

In addition to aesthetic improvements along this corridor additional parking and beach access will be provided making the area not only more eye-appealing but also more practical.

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Panama City Home Sales

Panama City Beach Realty Group
Counts Real Estate Group, Inc.
3009 Highway 77, Suite H
Panama City, Florida 32405
Direct: 850.774.6582
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