Bids on old Panama City Airport Site

In a meeting at 10 am today at the current airport, the Airport Authority is expected to award the old airport site to a purchasing bidder. The board has been reviewing the bids for several months.

The three bidders are:

PCA Development Group – $61 million up front and $14 million over the next 14 years totaling $75 million

Community Airport Redevelopment (from Utah) – $60 million with $10 million at contract

RMC Investors – $56.5 million

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