Dan Gilmore and employees with RGB development presented their findings from a feasibility study to Panama City commissioners.
Their focus was on the needs of the downtown to revitalize, bring in residents, and to make the downtown a more "walkable" friendly area.
Other ideas included building dorms for the local colleges and even bringing in a minor league baseball team into downtown.
Jason Combs with RGB Development says Panama City has unlimited potential and bringing in more residents, and providing more entertainment, will attract professionals into the city.
"I think it can all happen, it's just a matter of the timeline," said Combs. "A lot of that depends on how proactive and cooperative the city can be, but if you look at what Pensacola has done recently they have had a lot of cooperation between the private sector and the public sector to get a lot of stuff done.
"And that's how they've revitalized their downtown and built the stadium on the water front is due to cooperation... on both sides."
Now that the feasibility study is over Gilmore and his associates will continue to work with the city on development and possible investors.