Thursday, June 25, 2009

RESTORING ITS TRADE STATUS – The new Panama City International Airport and West Bay Sector

Carl Cronan is editor of Real Estate Florida.)

When it comes to Panama City’s new airport, Jerry Ray speaks with the passion and conviction of an evangelist. Much like a preacher with a Bible, he’s armed with his own historical perspective.

For instance, the beachside Florida Panhandle hotspot, long popular with spring breakers and summer vacationers, was known as a major port in the early 20th century. Originally called Harrison, it was renamed to connect with the still-new Panama Canal and was convenient to ships from both the Gulf of Mexico and the Pacific Ocean.

“They knew all this in 1914 and we have forgotten,” says Ray, senior vice president of strategic alliances with the Jacksonville-based St। Joe Co। He notes that Panama City’s premier port status lasted from 1915 until the 1929 market crash that led to the Great Depression...

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