The Panama City Beach City Council recently voted to extend the life of its Front Beach Road Community Redevelopment Area from 2031 for at least another ten years.
Adopted by the council in 2001, tax revenues collected from within the CRA boundary are diverted to the agency for use in funding roadway redesign, underground utilities and other improvements.
CRA Director David Campbell said the CRA is "one of the most important projects the city has ever undertaken," and its successful completion will benefit both the city and county as economic growth fueled by the street improvements leads to significantly higher tax revenues.
To read more about the Panama City Beach CRA and its extension,
click here.