Airport Construction Video Update

The new Panama City Bay County International Airport is flying along with more than 50% of the total work complete and only 40% of the total alotted time used.  This places the hard working teams on site about 3 months ahead of schedule.

Anticipation grows daily as the whole site is in a constant state of change.  I was up there Thursday of last week and it looks totally different from the way it looked just 60 short days ago.

I could tell you more, but you’ll just have to watch the video.

View in HD

Black Friday? How About Redfish Friday!

As the largest shopping day of the year approaches and the official kick off to the holiday shopping season, Redfish Riviera Outfitters prepares for what they call Redfish Friday.

Friday, November 28th or better known as Black Friday will produce great sales all over the country. In addition, to the great sales, come big crowds at shopping outlets everywhere. Hungry holiday shoppers line outside malls for hours – some at 4:00 AM – to get first shot at these super deals.

Redfish Riviera Outfitters has started its own tradition, as they prepare their anglers and families for what they call, Redfish Friday. For one day only, Redfish Riviera will offer 30% off all of their items online at www.redfishriviera.com. The sale will be from 6:00 AM to 11:00 AM only. Be sure to use promotion code: REDFRIDAY at checkout to receive this super discount.

If you are a dedicated redfish angler, know one, just want to be seen with the hottest new fishing apparel around, or you are looking for the greatest deal online, you need to be at www.redfishriviera.com from 6:00 AM to 11:00 Am on Friday, November 28th.

Redfish Riviera Outfitters carries everything from coolers to beach bags, decals, pewter trailer hitch covers & license plates, men’s and women’s apparel, T-shirts, fishing shirts, golf polo’s, sweatshirts, tank tops, hats, visors and more.

Do not miss out on this once a year opportunity! We look forward to helping you out during this shopping season.

Laketown Wharf – Corus Bank bracing for money outflow

I’ve had some dialogue with a Corus Investor who has been kind enough to keep me updated with what Corus is up to regarding Laketown Wharf.  Below is the most recent update:

1)  They suspended payment of interest on $404m of debentures (type of bond).  This is the only debt that Corus (holding company) has, other than deposits.  The rules of the debenture allow this for up to 20 quarters.  The holders of the debentures cannot be too happy.  This was done to preserve cash for operations.  No big deal unless you need the interest and own the debentures.
 
2)  They disclosed that they formally applied to TARP funds from the Treasury.  If granted, they will issue preferred stock to US Treasury at 5% for 5 years.  I DO NOT think they would have applied if there was any chance of rejection.  This may also force a merger of Corus with another bank, but I put that at less than 5% odds because the Glickman family owns half the bank and they are not going to be too happy taking orders from anyone.
 
One of the Glickman wives sold about 20% of her shares.  No big deal.  the proceeds were enough to buy her a $30k car.  She’d probably going to use the proceeds for a divorce!  Her spouse owns about 6 million shares.

Nike Store Opens in Pier Park

Early Bird Specials, Power Hours Shopping Events and Enter to Win Contests Part of Nike’s Grand Opening Events November 21-23

Nike’s newest factory retail location at Pier Park Outlets will open Thursday, November 20 at 9 a.m.  Representing the world’s No. 1 athletic brand, the Nike Factory Store offers key assortments in sport inspired and sport applicable footwear, gear and apparel at a great value.

As part of the celebration, Nike will host early bird specials, power hour shopping events and enter to win contests each day for a total of $500 in gift cards redeemable in store.

The in store experience is all about celebrating like a champion by providing Nike’s quality performance footwear and apparel at a value price. The store associates assume the role of personal advisor, sounding board and confidante all rolled into one. They will help the consumer select the best product for his or her sport as part of Nike’s “athletes serving athletes” initiative. Several sport categories such as running, training, soccer, basketball and sportswear will be available for men, women and kids at the new Pier Park location, making Nike Factory Store a sports hub for the whole family.

Following the official opening on Thursday, Nike will host grand opening events at the store through Sunday, November 23 all day. Activities will include:

  • Early Bird Special – Nike will offer a free gift to the first 100 guests each day and a $10 redeemable gift card.
  • Power Hours Shopping Events – From opening to 1PM each day, shoppers can take advantage of a 30 percent discount off select apparel, footwear and equipment.
  • Enter to Win – Several lucky shoppers will win a total of $500 in gift cards redeemable in store.

In addition, the Nike Factory Store will celebrate the local community through its “Recognize” program, an initiative that will donate 10 percent of sales on Sunday to a select nonprofit organization. 

Panama City Beach makes Contamination Cleanup History

Tucked away in a retired gas station in Panama City Beach, a small group of bustling people are working to change the way we address and clean up petroleum and other organic contaminants.

Written on a dry-erase board are the words “In God we trust in all things.”  

“We’ve got a lot riding on this, but we have a product that can clean up gasoline and other contamination types with out excavating and removing all the contaminated soil,” said Roger Kubala, one of the owners of Starlight Environmental. 

Historically, the only way to clean a decontaminated site is to remove the “dirty soil” and to run tests to confirm that the site is contaminant-free. This process typically would entail completely destroying everything that was at one time over the vitiated soil and leaving a gaping hole in the ground to remember it by.  In addition, the contaminated soil would have to be transported, which is very dangerous and costly. 

Starlight’s process includes a non-invasive treatment that will allow continuation of existing business operations and can take as little as a few weeks to complete.  Once the site is analyzed, a site map is created that charts out where the contamination plume is located.  Then, several monitoring wells are installed in order to take samples throughout the clean-up.  Based on the continuity of the soil and its absorption rate, a full analysis is assembled to determine how much Ecosafe® is required to emulsify the contaminants. Injection wells are then installed at prescribed locations in order to fully saturate the vitiated soil with the surfactant.  

The fascinating part is where the actual contaminants go.  The contaminants are, for lack of a better term, dissolved.  That’s right, they sort of just, go away – sort of.  The basic elements are still there, but their molecular structure is changed leaving only carbon dioxide, water, oxygen and nitrates.  

As indicated in the acceptance letter from the Florida Department of Environmental Protection: 

As you have indicated, a distinguishing aspect of Ecosafe® is its colloid-active ability to produce. . . a reaction that breaks some of the chemical bonds in the contaminant molecules, in order to make them more readily digestible to indigenous microorganisms that perform bio-degradation as the second step.  The initial bond cleavage that occurs is, for example, the breaking of aromatic ring structures, or the breaking of large aliphatics into smaller chains.

The pilot site contamination source is located on Front Beach Road at an old Texaco station, across the street from Peeks Motel.  For almost an entire year, when the gas station was operational, the owner would complain that his employees were stealing gas from him, firing several over the course of 11 months.  By the time it was discovered that the underground storage tanks were leaking, almost 11,000 gallons of gas had seeped into the soil under Front Beach Road and under Peeks Motel.

An initial Site Assessment Report determined that there was a contamination plume of approximately 23,080 square feet, with only 215 feet under the original Texaco site and 18,700 feet under Front Beach Road and Peeks Motel.  

The pilot treatment needed to achieve a 10% reduction of contaminants in order to obtain FDEP Success.  After a 30 day injection treatment at one injection point, Starlight smashed the basic requirements and was able to demonstrate an 83.5% reduction of contaminants at Monitor Well 1, and a 13% reduction at Monitor Well 15, almost 400 feet away. 

The FDEP then gave Starlight the go ahead for the full treatment.  Injection points were placed to cover the entire plume area with each point covering a 15 foot radius.  The injection depths are around 10 feet.  Right now, they are undergoing a process to completely emulsify all of the contaminants.  

The emulsifying process works great for cleaning up gas station sites, old airport sites and sites where pcb’s (poly chlorinated biphenyls) have been stored, among other things.  

In Columbia, Ecosafe® is being used to clean up pcb’s. Treatments have reduced contamination from 800,000,000 parts per billion to just 9 parts per billion in just 45 days.  

Traditional contamination clean-ups entailed costly excavation, destruction and transport and still left contaminated soil to be stored or disposed of.  Starlight is changing the way soil contamination is cleaned up, right here in Panama City Beach.  

Airport Authority Board Meeting, with Agenda

Download pdf.

PANAMA CITY-BAY COUNTY AIRPORT AND INDUSTRIAL DISTRICT

PANAMA CITY-BAY COUNTY INTERNATIONAL AIRPORT

             BOARD MEETING

DATE:            November 20, 2008

TIME:            10:00 a.m.

PLACE:            Board Room, Second Floor, Terminal Building

AGENDA

 

  1. Board Chairman – Call Meeting to Order
    1. Invocation
    2. Pledge of Allegiance to the Flag
    3. Roll Call
  2. Approval of Minutes:
    1. October 28, 2008 – Board Meeting Minutes
  3. Airport Director’s Reports
    1. Activity Report
    2. Financial Report
    3. Airport Relocation Project Report
  4. Business Items:
    1. Banner Tow Agreement – East Moriches
    2. Banner Tow Agreement – Meek’s Aerial Advertising
    3. Updated Retirement Services Agreement
    4. SheltAir Sublease – Flight Deck Aviation
    5. Purchase of Capital Vision Software Application
    6. Award Bid for Utilities Package
    7. Temporary Power to Construction Site
  5. Other Business:
    1. 2009 Board Meeting Schedule
  6. Public Comments:
  7. Adjournment and Meeting Schedule:
    1. Board Meeting December 19, 2008 at 10:00 a.m. 

Airport Authority Board Meeting Agenda

PANAMA CITY-BAY COUNTY AIRPORT AND INDUSTRIAL DISTRICT

PANAMA CITY-BAY COUNTY INTERNATIONAL AIRPORT

             BOARD MEETING

DATE:            November 20, 2008

TIME:            10:00 a.m.

PLACE:            Board Room, Second Floor, Terminal Building

AGENDA

 

  1. Board Chairman – Call Meeting to Order
    1. Invocation
    2. Pledge of Allegiance to the Flag
    3. Roll Call
  2. Approval of Minutes:
    1. October 28, 2008 – Board Meeting Minutes
  3. Airport Director’s Reports
    1. Activity Report
    2. Financial Report
    3. Airport Relocation Project Report
  4. Business Items:
    1. Banner Tow Agreement – East Moriches
    2. Banner Tow Agreement – Meek’s Aerial Advertising
    3. Updated Retirement Services Agreement
    4. SheltAir Sublease – Flight Deck Aviation
    5. Purchase of Capital Vision Software Application
    6. Award Bid for Utilities Package
    7. Temporary Power to Construction Site
  5. Other Business:
    1. 2009 Board Meeting Schedule
  6. Public Comments:
  7. Adjournment and Meeting Schedule:
    1. Board Meeting December 19, 2008 at 10:00 a.m. 

Utility Bids Received on New Airport Construction

The following bids have been received by the Panama City – Bay County International Airport Authority for the Utilities Package for the new airport in Bay County, Florida.

The major work items included in the contract include installing:

  • A power distribution system;
  • A water distribution system;
  • Roadway and parking lot lighting;
  • A fuel farm;
  • A water storage tank and booster pump station;
  • A sanitary sewer system (including over 3 miles of force main, a lift station and a triturator airport receiving station).
Source: www.newpcairport.com

Florida Home and Condo Sales Up ?24% in September

Florida existing home and condo sales were up in September 24%, the highest year over year increase in almost three years.

A total of 10,817 existing homes sold in the state of Florida in September, that is 2,092 more than sold during September 2007.  The last time the state of Florida reported a higher year over year gain was in 2005.

The September sales report from the Florida Association of Realtors shows a 24 percent increase in the sales of existing homes in the state; this represents the sixth month in a row that the sales figure has exceeded its 12-month moving average (average of the previous 12 months).  This is a clear sign that the significant price declines that have occurred across the state are leading to a more rapid absorption of the housing inventory.” – Dr. Sean Snaith, economist and director of the University of Central Florida Institute for Economic Competitiveness.

Although the sales are up 24% this year, that increase can largely be attributed to the sharp decline that the housing market suffered at the end of the summer 2007 with the subprime mortgage meltdown.  In July of this year, only six more existing homes sold in the state of Florida than did in July 2007.

Florida’s median home price in September was $175,100, down 22% from the same period a year ago, at $224,700.  However, September’s median home price is still 10.3% higher than 2003’s number of $158,800.

During the September time period, year over year, existing condo sales experienced an 11% increase, from 2,595 to 2,878.  The statewide median condo sales price was $153,800, down from $197,000 in September 2007 or a 22% decrease.

Panama City/Bay County reported 111 total existing home sales for September 2008, down from 117 (5%) homes sold during the same period 2007.  Existing condo sales were down 28% September 2008 from 2007, from 67 to 48.  The average sold price for Bay Couty was $213,770 in September 2008, down 19% from $264,122 during the same period 2007.

If you take out the top 10 highest priced from both time periods (September 07 and September 08), the average sold price was $193,848 in 2008, down 6.7% from 2007’s number of $207,942.

So, housing prices are still falling, but velocity sales are picking up.  I suspect they will continue to pick up, and hopefully that rate will be exponential.  As prices continue to fall, more and more people will be able to justify making a purchase.

Source: Florida’s existing home, condo sales increase in September 2008

Twitter Weekly Updates for 2008-11-18