The Churchwell Road CRA is nearing completion as they are paving the road right now. Churchwell Road is the road that travels between Front Beach Road and Middle Beach Road (or Hutchison Blvd) where the Post Office is.
Click the “more” link for other pictures.
Spring Break is in full swing and along with that comes droves of college kids looking for a good time that mostly includes drinking endless amounts of alcohol, walking around our streets with open containers, and leaving their garbage all over the place.
Click the “more” link for pictures and a comment about how PCB is being ruined as a family spot.
7 of the 9 board members were present. Absent were Marty McDaniel and Mayor Oberst.
Continue reading “Notes and Comments from the TDC/CVB 3-11-08 Board Meeting”
One of the nations largest home builders, Beazer Homes, will be building a subdivision in Panama City Beach. I say subdivision, actually it will not have single family homes, but only Villas and Townhomes.
On Friday, the estate of the late Charles Faircloth will be sold at auction at the Bay Point Marriott in Panama City Beach. Roebuck Auctions is holding the auction of more than 150 properties including anything from an 8+ acre beach-front tract to single family homes and one-off condos in occupied buildings/resorts.
It is estimated that the value of his estate is around $250 million.
Click the “more” link for info on the big tracts, details of when the auction is and who to contact if interested.
Continue reading “Charles Faircloth Estate to be sold in Auction Friday 3/14/2008”
In addition to hosting 6 college spring breakers at my home (friends of my wife), the rest of Panama City has seen a huge influx of kids this week. I think this week is the second largest week we’ll see with next week being the largest. If anyone has any idea of approximately how many people are expected to be here this week, please chime in.
In addition to Wal-Mart being completely packed all the time, the roads are getting clogged and people can be found walking around everywhere. I hope they are nicer to our properties this year than they were last year.
Click the “more” link for a total list of the schools here this week.
As if January wasn’t bad enough with 22,000 job cuts, the February report showed job cuts of 63,000 marking two months in a row in declines. Most of the big cuts came from construction , manufacturing, retailing , financial services and a variety of professional and business services.
With a total of $160 billion short-term loans provided to banks since December, the Federal Reserve announced that it will increase the amount of loans it will make this month to $100 billion.
In response, Federal Reserve Chairman Ben Bernanke indicated that he is prepared to lower interest rates at their next meeting to help continue to give the economy a boost. Some economists are estimating a .75% cut.
Click the “more” link for the entire article.
Continue reading “Jobs slashed, will the Fed cut rates again?”
In an effort to continue to bring you the most information possible, I will be posting the meeting agendas for the TDC/CVB meetings to help keep the area education in what is going on. Click the “more” link for the agenda.
Continue reading “Agenda for the TDC/CVB Combined Board Meeting 3/11/2008”
I just became aware of some additional information that I didn’t know when I wrote “A Review of the 2008 TDC/CVB Spring Break Marketing Plan” last week (see post). In addition to my original concerns, I now have doubt as to whether MTV is complying with the terms of the $200,000 contract with the TDC/CVB.
When the Plan was originally proposed to the TDC/CVB, it was explained that the MTV Networks were now going to mainly cover Spring Break via their mtvU network, not their flagship MTV channel as in years past. This explanation was consistent with the written proposal presented to the CVB Marketing Committee on October 3, 2007:
* “mtvU is the hub for everything and anything that represents Spring Break”
* “. . .and where we go, we bring our big brothers, MTV and MTV2.”
Continue reading “Is MTV Complying With the 2008 Spring Break Marketing Plan?”
Sam Portmans from CondoSaleTrends.com regularly releases reports on the condo market and updates on what the buying, selling, pricing trends are.
I hadn’t seen one in a while, but he just sent me his annual report of 2007. I must warn you, it seems sort of doomy-gloomy, but the report is based on sales facts, not opinions. A friend of mine always says, “We are where we are”, and that couldn’t be more true in this case. It is no secret the real estate market is hurting right now. All of us in the real estate business are dreaming of days where we aren’t living paycheck to paycheck.
These are the facts, click the “more” link for the entire report.
PCBDaily 