More news on the Panama City International Airport…

Authorities challenge the recent construction halt granted by a federal court in New York city to a group of local general aviation pilots calling themselves the “Friends of PFN“.

Authorities have filed a motion to lift an emergency stay granted to a group of local pilots who oppose the project.   Read the full story.

These continuing lawsuits filed by this group will only add to the develoment costs of the new Panama City International Airport.  Their continuing efforts to stop the progress of Panama City is not in the best interest of businesses and residents.  Read more | Florida Real Estate | Panama City... (114 words, estimated 27 secs reading time)

Interesting article from the Panama City News Herald:

A Fortune magazine article, posted on CNNMoney.com, listed St. Joe Co. as one of its best investment bets in 2008.

The article cited the Jacksonville-based company’s vast Florida real estate holdings, with 710,000 total acres and 310,000 acres 10 miles or less from the coast, as well as what it said was a relatively undervalued stock price.

It also cited a projected 33-percent population increase in Florida by 2020, based on U.S. Census figures, as well as the development of Panama City’ new airport and the area’s better-than-average home sales this year compared to the rest of the state.  Read more | Florida Real Estate | Panama City... (140 words, 1 image, estimated 34 secs reading time)