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Article: Panama City - Bay County Airport Authority Accepts $26 Million from FAA for First Phase of Its New Airport.

Article from:
Business Wire
Article date:
September 7, 2007
Copyright

Awards $112.5 Million Site Preparation Contract to Phoenix Construction

Agrees to Purchase $6 Million Letter of Credit to Assure Mitigation Work

PANAMA CITY, Fla. -- The Panama City - Bay County International Airport and Industrial District (Airport Authority) today made three critical announcements following a special meeting on issues related to the relocation of the airport to a site in western Bay Florida. The site is currently owned by The St. Joe Company (NYSE:JOE). The Airport Authority announced it had:

* Accepted $26,264,212.00 from an Airport Improvement Program grant from the Federal Aviation Administration (FAA) for the first phase ...

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