New developments in PCB?

I know JOE tapped Beazer as the homebuilder of choice for that area. Unfortunately Beazer is pretty much a trainwreck at this stage: http://www.usatoday.com/money/economy/housing/2007-11-05-beazer_N.htm

You may want to tune in to JOE's 3rd Qtr Conference call TUESDAY (NOV 6) to see what Pete and the Gang (or what's left of the gang after all the rightsizing) have to report. Be prepared to listen to Pete gush about the groundbreaking of Doodle Int'l.:

The St. Joe Company (NYSE:JOE) announced today that it will host an interactive conference call to review the company's results for the third quarter ended September 30, 2007.

The conference call will be held on Tuesday, November 6, 2007, at 9:30 am (CDT) to discuss the company's performance and take questions.

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Should be interesting--they'll release their "earnings :roll:" before the bell on Tuesday.

Got Red Ink?





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Supposedly there are new major developments going into PCB. The green square area is supposed to be another large retail commercial area like Pier Park or Destin Commons. The pink square is supposed to be the largest St. Joe residential in Bay County to date called Breakfast point. Anybody heard anything about these?

Thanks for posting! There has been some discussion here about Breakfast Point - here is one thread: St. Joe's Breakfast Point community - SoWal Beaches Forum

I was driving Back Beach Road yesterday and noticed some very large parcels for sale, including a couple of +- 50 acre parcels across from Pier Park for sale by Joe. No doubt some of them will become massive retail/entertainment/funparks. Joe has a lot of land on the north side of Back Beach Road. There is enough for a theme park, aquarium, science museum, etc. (casinos?).

The latest rumor is that Harrah's has purchased the Signal Hill Golf Club in Panama City Beach, word is that they are also looking at purchasing Laketown Wharf, a very large new condominium adjacent to the golf course. This is interesting and if true would be bigger news than the new International Airport.

Here is a story that I found while investigating....

http://www.casinogamblingweb.com/gambling-news/casino-gambling/gambling_operators_in_florida_betting_on_republicans_with_donations_47627.html


Golf, gambling, sun & sand..... what more could a girl ask for?

The latest rumor is that Harrah's has purchased the Signal Hill Golf Club in Panama City Beach, word is that they are also looking at purchasing Laketown Wharf, a very large new condominium adjacent to the golf course. This is interesting and if true would be bigger news than the new International Airport.

Here is a story that I found while investigating....

http://www.casinogamblingweb.com/gambling-news/casino-gambling/gambling_operators_in_florida_betting_on_republicans_with_donations_47627.html


Golf, gambling, sun & sand..... what more could a girl ask for?

I have heard these rumors about non-Indian reservation gambling possibly coming to Panama City Beach, with Harrah's possibly involved. Isn't this the kind of thing that would have to go to voters on a statewide basis? Jeb Bush was vehemently opposed to the expansion of gambling, and would have vetoed anything presented to him. I kind of thought the rumors were just an evil way to keep in interest in PCB afloat among potential buyers, but now that Jeb is out of office, I wonder.

The latest rumor is that Harrah's has purchased the Signal Hill Golf Club in Panama City Beach, word is that they are also looking at purchasing Laketown Wharf, a very large new condominium adjacent to the golf course. This is interesting and if true would be bigger news than the new International Airport.

Here is a story that I found while investigating....

http://www.casinogamblingweb.com/gambling-news/casino-gambling/gambling_operators_in_florida_betting_on_republicans_with_donations_47627.html


Golf, gambling, sun & sand..... what more could a girl ask for?

I do remember that last year the Seminole Tribe of Florida had there annual meeting at Calypso Towers by Pier Park. It was definitely interesting considering they are primarily based in South Florida. I would think the current liquor laws would prevent major casinos from coming in though.

There is enough for a theme park, aquarium, science museum, etc. (casinos?).

Bay County was offered a Theme Park back in the early nineties. I believe it was Six Flags. It was originally proposed on Star Avenue over on the East end of Panama City near Callaway. The only request from the developers at the time was for the county to bury the utilities along the road. The county commissioners at the time nixed it. We still have Miracle Strip Amusement Park, oh wait....

I have heard these rumors about non-Indian reservation gambling possibly coming to Panama City Beach, with Harrah's possibly involved. Isn't this the kind of thing that would have to go to voters on a statewide basis? Jeb Bush was vehemently opposed to the expansion of gambling, and would have vetoed anything presented to him. I kind of thought the rumors were just an evil way to keep in interest in PCB afloat among potential buyers, but now that Jeb is out of office, I wonder.

The rumors and discussion are not limited to PCB. Every county in Florida is interested on some level. My gut says it's only a matter of time. The real estate downturn will hasten the process.

I would think the current liquor laws would prevent major casinos from coming in though.

If they can change the gambling laws, I bet they can change the liquor laws or create a loophole when they write the gambling laws.

Interesting to consider pros & cons of large scale gambling coming to the area.

This article may be of some interest. It seems a virtual certainty that the State is going to execute a compact with the Seminoles allowing a substantial expansion of Class III gaming - meaning Las Vegas style slots and table games like blackjack and craps. The article contains the first mention I have heard of an anti-competition clause protecting the Seminole casinos in Tampa and Miami. That clause is something to keep an eye on - it might be a glimpse into the future.

http://www.forbes.com/feeds/ap/2007/11/06/ap4307112.html

So if Christ et al don't reach an accord by Nov 15, the tribe will still get the gaming they want.................and there will be no anti-competition clause to prevent Pan-vegas?

You might have missed the point. The State is going to execute the compact - the feds letter ordering it by November 15th is likely just political cover for Crist so that he can tell voters opposed to gambling that his hands were tied. I would be surprised if an anti-competition clause encompassed the entire State. My uneducated guess is that it would make parts of central and south Florida off-limits making the panhandle a possible alternative for the private gambling interests. We'll see.

So he's the good guy because w/ his proposal, the state gets money and limits the gambling...................that the fed is going to allow anyway.

Ahso......When the government "limits" gambling, it almost always comes in the form of an expansion (i.e. we'll allow it, but........). I think more expansion of the gambling interest in Florida is inevitable given the downturn in the real estate market and the property tax debate. Florida led all states in the Union last year in percentage of growth in gambling revenues. The gambling folks are master promoters - you'll probably hear them soon (if not already) talking about their ability to fill the void in the state and local coffers if some restrictions are lifted. How do you think the locals in Bay County will vote when the debate is framed as raising property taxes or allowing "limited" gambling? I would not be surprised if the Panama City area is considered a prime location for expansion because of the airport and because of its proximity as a driving destination for the southeast. A casino in Panama City Beach doesn't have to grind it out of the locals - it's a lot more palatable for the politicians.

Are there any gambling cities out there that anyone would consider livable? Is this the right path for PC?

There's gamblin'aplenty and an airport in Vegas and their RE market is in the crapper too

Seems the overwhelming majority of homes for sale are unaffordable to folks on casino salaries....although the hookers, pimps and drug dealers are making more than enough to get by.



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Maby they shorted CROX http://finance.yahoo.com/q/bc?s=CROX&t=3m or sold out at the top.

Maby they shorted CROX http://finance.yahoo.com/q/bc?s=CROX&t=3m or sold out at the top.

I can't knock CROX......cashed out of 75% here: SoWal Beaches Forum - View Single Post - Gold Bullion for sale

...got "stopped out" of the final 25% @$65 and change

CROX was berry-berry goould to me.

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Bob - don't know if you would consider any of the places "livable", but many cities in the US besides Vegas and Atlantic City have some gambling related interests. I think one of those cities is about 45 minuntes down I-4 from you. That city's landbased casino is going thru some pretty significant expansion as we speak. As to Shelly's comments about Vegas and real estate, I'm indifferent to gambling but without it, Vegas would be inhabited by little more than sand. Might not be for everyone, but hard not to be impressed with places like the Wynn and Bellagio.

Bob - don't know if you would consider any of the places "livable", but many cities in the US besides Vegas and Atlantic City have some gambling related interests. I think one of those cities is about 45 minuntes down I-4 from you. That city's landbased casino is going thru some pretty significant expansion as we speak. As to Shelly's comments about Vegas and real estate, I'm indifferent to gambling but without it, Vegas would be inhabited by little more than sand. Might not be for everyone, but hard not to be impressed with places like the Wynn and Bellagio.

You answered the question. Gambling is the quick buck for government, but a blight on the community. It turns communities into CarnyWorld. Why do you think the state will shield Central Fl from gambling? They don't want it anywhere near Disney. The entire gaming industry is seedy in the extreme.

"the state will shield Central Fl from gambling ..."

I wouldn't bet the farm on that statement. If I read the draft compact correctly, I think it more likely that the Seminoles are eyeing land from coast to coast in Florida and all points in between.

Take a look at this article Bob. I suspect it will be an eye opener. Orlando is not at all insulated. On the contrary, a Hard Rock Casino is probably coming to a neighborhood near you ... everywhere in Florida.

http://www.businessweek.com/magazine/content/07_13/b4027071.htm

Take a look at this article Bob. I suspect it will be an eye opener. Orlando is not at all insulated. On the contrary, a Hard Rock Casino is probably coming to a neighborhood near you ... everywhere in Florida.

http://www.businessweek.com/magazine/content/07_13/b4027071.htm

Another reason to leave.......My view on casino towns is they're fun to visit, but living there would be no good at all.

Another reason to leave.......My view on casino towns is they're fun to visit, but living there would be no good at all.

Alot of people say the same thing about tourist towns.

The latest rumor is that Harrah's has purchased the Signal Hill Golf Club in Panama City Beach, word is that they are also looking at purchasing Laketown Wharf, a very large new condominium adjacent to the golf course. This is interesting and if true would be bigger news than the new International Airport.

Here is a story that I found while investigating....

http://www.casinogamblingweb.com/gambling-news/casino-gambling/gambling_operators_in_florida_betting_on_republicans_with_donations_47627.html


Golf, gambling, sun & sand..... what more could a girl ask for?

First it was make it thru the hurricane season with no major storm and the market will turn. Next the PCB realtors said as soon as we break ground on the new PCB airport the market will take off. Yet prices continue to fall daily.

Now some are latching onto gambling as the new savior with casinos going into all the conference centers in the larger condo buildings ( like Laketown Wharf).

I think this is another pipe dream. It does not fit the model of any casino developments as casinos are now being built on huge scales (see Biloxi) to compete. If casinos do come to PCB they will be inland where they can be built on massive scales with their own attached hotels.

JMHO,
Flyguy

First it was make it thru the hurricane season with no major storm and the market will turn. Next the PCB realtors said as soon as we break ground on the new PCB airport the market will take off. Yet prices continue to fall daily.

Now some are latching onto gambling as the new savior with casinos going into all the conference centers in the larger condo buildings ( like Laketown Wharf).

I think this is another pipe dream. It does not fit the model of any casino developments as casinos are now being built on huge scales (see Biloxi) to compete. If casinos do come to PCB they will be inland where they can be built on massive scales with their own attached hotels.

JMHO,
Flyguy

This is neither here nor there, but when I saw Laketown Wharf for the first time last week all I could think of was how much it looked like a huge ugly casino hotel.