After months of waiting to hear news of the pending claim filed over losses in tax revenue during the Deepwater Horizon Oil Spill, BP offered a claim settlement to Panama City Beach City Council Members, with a respectable $1.2 million payout.
The question to ask now is how the City is planning on utilizing the money. At the moment, mention has been made that the current goal is to put the money towards completing projects the City didn’t have funds for previously.
Practical, yes. But dull. Secretly, I can’t help wishing that they were planning some crazed celebration, complete with ninjas and a fireworks display that spells out “Suck it BP!” during the grand finale.
Overall, the news of BP’s offer and the City’s acceptance of it, holds hope that perhaps now we can focus our attention on the future, allowing us to move forward in anticipation of the coming 2011 season.