Although final plans or a formal commitment for a new Walmart has not been made, an agreement between the Panama City Beach CRA and Walmart has been made for them to pay for road improvements.
The Panama City Beach CRA, or Community Redevelopment Area is a mechanism by which our local roads and infrastructure are being improved over time to look better, be more beautiful and to better handle increased load and demand. Past CRA projects include the Churchwell road improvements, R Jackson Blvd improvements and the currently ongoing South Thomas Drive improvements.
The Powell Adams improvements include all the treatments you’d find in a normal CRA project, including underground utilities, sidewalks, street lights and landscaping. In addition, of course, the road way will be widened to four lanes. The improvements are projected to be around $2 million.
The CRA had existing plans to treat Powell Adams road, but it was several projects away – the CRA is working it’s way west from it’s current development location. This agreement with Walmart stipulates that they will pay for the improvements and the CRA will reimburse them at a later date. By doing the improvements this way, the City is expected to save almost $500k.
There is no expected start date just yet, but you can expect more information on this in the coming weeks from us.
This topic has created a very lively discussion on our other post, how do you feel about this improvement now?