New Airport Coverstory for Southeast Real Estate Business News

Southeast Real Estate Business News, a trade publication for the real estate industry, featured the construction of the new Panama City – Bay County International Airport as its July 2009 cover story.

According to the story:

The facility is the first piece in the West Bay Sector Plan, a mixed-use project destined for Panama City, Florida, and surrounding areas. The aggressive but environmentally responsible development strategy calls for residential, commercial and industrial space spread across 75,000 acres.

One large advantage of the plan is that it’s easy to build to each tenant’s specifications. With so much greenfield land available for developing, officials at large companies can easily come in, commit to a space and mold it to their requirements. “Most of the time, your options are limited because you have a small piece of land and everything around it is already developed,” Slappey says. “The advantage is that if you have a big user that comes in and wants this, that and the other, it’s easier to accommodate them because you have a lot more land to maneuver around.”

The full article can be read here.

One thought on “New Airport Coverstory for Southeast Real Estate Business News

  1. Yes, that’s what I have been saying since I stopped visiting Florida twenty years ago. What the state needs is more development and people. Southeast Real Estate Business News’ report that development of residential, commercial and industrial space spread across 75,000 acres is aggressive but environmentally responsible is nonsensical. Incorporating more “green” features into a project hardly makes the project, as a whole, environmentally benign. Lamenting that Panama City and its surroundings hasn’t been able to emulate the economic growth of the rest of Florida indicates a need for better role models. Much of Florida has mortgaged its future and one doesn’t need to be particularly insightful to see it. Those things that truly support human enterprise (e.g., clean water; have you read DOH’s fish consumption advisory lately?) are being squandered at an unprecedented rate. Visionaries would have recognized and attempted to capitalize on the unique and relatively intact nature of much of the panhandle region.

    Mark Hodgson


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