New developments in PCB?

[Matt J]

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?

 

[SHELLY]

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.

--------------------------

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

Got Red Ink?





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[Kurt]

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?).

 

[grace]

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?

 

[TooFarTampa]

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.

 

[Matt J]

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.

 

[Matt J]

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....

 

[Kurt]

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.

 

[scooterbug44]

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.

 

[full time]

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