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News Detail

Panama City New International Airport Ground Breaking Announced


 

Market Conditions for the Nation


Reported By
Jonathan Bentley

As of 10/25/2007

Contact me for more info!


Ok.....so everyone has been talking about it wondering when it would start. Well it's here now! As many of you all probably remember we started talking about the new Airport for Panama City that is supposed to be the Mecca of all things to come.

Well, I don’t know that I would go that far, but let’s face it…it’s not a bad thing to happen to our area. Since the beginning of time Panama City has been a drive to destination. We all know what happened to Orlando and Tampa when the airports relocated and we saw an increase in the number of flights, reductions in fairs, etc. Now we don’t have Disney, but we do have the Beach. Most would agree that this forgotten coast area is definitely the clearest water in all of Florida and most of the country. When combined with the comparable prices it’s a steal. But like every other market, the basics aren’t there. There is a flood of supply. Hopefully this announcement will continue to spark the tourism we saw this year. While things were not paying for themselves and the market was down like everywhere, we did see more tourists and vacationers than we had in the past.

Please see the following on the groundbreaking and keep in mind that while this is a great bit of information, more is to follow on what other airlines will be coming into this new airport!

PRESS RELEASE
Date Set for Bay County International Airport Groundbreaking Ceremony
Thursday, October 25, 2007
Early today the Airport Authority began emailing invitations to a Ceremonial Groundbreaking for the new airport, to be held on Thursday, November 1, at 9:30 a.m.
If you need information about the event, send an email to: patty@pcairport.com
The community has worked nearly ten years to reach this day. Congratulations to Airport Authority Chairman Joe Tannehill; Airport Board Members Bill Cramer, Gerry Clemons, Rick Koehnemann and Andy McKenzie; Airport Executive Director Randy Curtis; and the countless others who have contributed to the process and worked so hard to bring better air service, economic development opportunities and environmental protection to our region.
If you're like me and have (or are looking for) resort investment property in the Panama City Beach market I'm sure you are equally thrilled to see some construction activity for the airport. You can read more about the progress and the positive impact on the area here:

http://pcairport.pbsjis.com/


The new airport location can be seen at:

http://pcairport.pbsjis.com/images/BayCountyMap-large.jpg

Please don’t hesitate to call or email questions.

More information on this area can be found here at NARREIA or on any of the niche sites for the Panama City and Destin Markets:
http://www.RandBCoastalRealEstate.com

http://www.Panama-City-Beach-Florida-MLS.com

http://www.Panama-City-Beach-Florida-Condominiums.com

http://www.Panama-City-Beach-Florida-Commerical-Real-Estate.com

http://www.Destin-Florida-MLS.com

http://www.Destin-Florida-Condominiums.info

http://www.Destin-Florida-Commerical-Real-Estate.com

http://www.30a-florida-mls.com




Click here to contact me for more information.

Jonathan Bentley
Panama City Beach, FL
NARREIA Advisor
www.NARREIA.com
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