PANAMA CITY BEACH, Fla. - Since 2010 the Barefoot Palms property on Thomas Drive has stood vacant after the Bay County Commission bought out the developer for $2.9 million. Tuesday, the commission was finally able to make back some of that money.
The state offered to pay Bay County $1.6 million for the property to create a buffer zone for the Navy base. The sale also includes a gulf front parcel of land on Panama City Beach that is currently values at $445,000.
Commissioners are losing more than $800,000 in the sale, but they believe giving that space to the Navy base is more valuable.
"The Navy Base's economic impact is about half a billion dollars. I think a little bit of loss to the county, while it's not great, I don't think we can really focus on the past we need to focus on the future and make a statement that we're for the greater good to keep the base in Bay County is what we need to do," said Philip "Griff" Griffitts, Bay County Commissioner.
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