Details of PC Marina financing plan released by Sonnenblick Development
Posted Dec 16, 2016 at 6:00 PM Updated Dec 17, 2016 at 11:50 AM
The new documents show the look of the project, dubbed MarinaVillage, has remained largely consistent with designs presented in August, emphasizing recreational activities to draw people in. Rough estimates indicate Panama City stands to make hundreds of millions from associated leases and taxes
By KATIE LANDECK
News Herald Reporter
PANAMA CITY – A clearer picture of the anticipated costs of the marina redevelopment and how the completed project might look have come into focus with the release of Sonnenblick Development’s financing proposal.
Documents received Thursday show the look of the project, dubbed MarinaVillage, has remained largely consistent with designs presented in August, emphasizing recreational activities to draw people in. And rough estimates indicate Panama City stands to make hundreds of millions from associated leases and taxes.
City officials cautioned the proposal is not a done deal, and they still are waiting on more information about the budget, timeline and other aspects of the proposal.
A tremendous amount of detail is yet to come,” City Attorney Nevin Zimmerman said Friday.
As it stands, some key changes to the design include the addition of a fishing pier, a boat sales and service area, a movie theater, a convention center and a possible apartment complex in “phase II.” A plan for dry boat storage and arcade have been deleted from the plans.
“I think it’s closer to what the commissioners want,” said City Manager Jeff Brown, who oversees the project. But, he cautioned, “this is not the end-all, be-all. This is the starting point.”
Comparing the August and December marina designs
What’s the same:
- The bulk of the marina still is being transformed into an outdoor play area similar to HarborVillage in Destin, with an amphitheater, outdoor marketplace, restaurants, lighthouse and water shuttle.
- There still will be about the same number of places to park a boat.
- Sonnenblick Development still is planning to pay to revamp the Marina Civic Center.
- There still are plans to add up to two parking garages near the entrance.
- The current Bay County government building still will be removed.
- A plan for dry boat storage has been removed. A boat service and sales area has been added in its place, as well as a potential 100-unit, nine-story apartment complex in Phase II. As part of these changes, the city attorney said there is talk of keeping the boat launch.
- A plan to use the old library building for hotel facilities space and the current City Hall as an arcade has been nixed. Instead, they are proposing two hotels – first, a 150-room Marriott, and then a 150-room Hilton in Phase II – and a movie theater and convention center.
- The “yacht club” has been renamed a “marina club.”
- A fishing pier has been added to the southeast corner of the T-dock.