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Article: Panama City - Bay County International Airport Names Successful Bidder for Sale of Existing Airport Property.
- Article from:
- Business Wire
- Article date:
- July 10, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PCA Development, LLC, Named Successful Bidder To Purchase 714 Acre Site For $99 Million: $61 Million In Cash And $38 Million In Transfer Fees
PANAMA CITY, Fla. -- The Panama City - Bay County International Airport and Industrial District (Airport Authority) announced today it had named PCA Development, LLC, of Pittsburgh, PA, as the successful bidder for the sale of the existing 714-acre airport property in Panama City, Florida, at a purchase price of $99 million made up of $61 million in cash and an estimated $38 million in transfer fees to the Airport Authority from the future sale of property on the current site.
The final selection of PCA is ...