More than ten years ago, Panama City won a bid to build a brand new federal courthouse. The poor economy slowed the process down, then a piece of property off 6th Street was purchased.
But there's been no progress and the land is still a vacant lot. Panama City Mayor Greg Brudnicki says they will most likely sell the property, and keep the federal courthouse where it is on the city marina.
"The current courthouse, if with the amount of money that they are paying now, in rent, says Mayor Brudnicki, "to be able to put the building on the property that the city bought, if we built it and leased it to them, or if they built it and had to make payments, it would be ten times the amount per month in rent"
Brudnicki says the 56 million dollar project will most likely not happen. The city believes it can resell the property for the same or more than the 956 thousand dollars it paid for it.