Commerical Property Newsâ€™ CPN Online has published an article detailing the economic development potential of the new Panama City – Bay County International Airport.
According to CPN Online:
Most of the country is waiting for the economy to turn, or even for the federal stimulus to have some measurable effect on local economies, but at least one part of the country has a third option. In the Florida panhandle, in particular the Panama City area, a new international airportâ€“under construction, scheduled for completion next yearâ€“promises economic stimulation, both in terms of business growth and real estate development.
â€œA new business community will be able to grow around the new airport in a way thatâ€™s impossible around the existing airport, which is too small and too hemmed in for further expansion,â€ Randall S. Curtis, executive director of the Panama City-Bay County International Airport, told CPN. â€œBut the long-term impact will involve more than development in the immediate vicinity of the airport. The entire region stands to benefit.â€