I definitely support affordable housing.
Even though it's very limited in the area, for some of the jobs (e.g., waiters and waitresses), I think creative young adults who want to work here will figure out how to do it. If young people/students are looking for summer work in particular, there are places that several students could share while earning an income (especially if they work in restaurants where people leave reasonable tips -- we always tip 20% unless the server is really ornery or ignores us which is rare), even in the summer when rates are high. Many young people share apartments, so if they have to do that in SoWal, there's no need to feel bad about that (I shared an apartment as a young adult, as did many of my friends). Many rentals don't rent to people under 25, but I know there are some places in Panama City Beach West that are reasonable, nice, and could be shared by 2-3, even 4 people at an affordable rate, even in the summer. It would be good for the people who own the rental, good for the young people sharing, good for the businesses, and good for the people who come to SoWal. With all the construction, there's going to be no shortage of rentals, at least not in the short term or medium term.
I think it will be hardest for young families where there may be only one breadwinner. Even then, some will figure it out.