The City of Panama City CRA meeting on May 2, 2025, spotlighted a pivotal discussion regarding the future of a local plaza, with significant implications for community development and property management. Key stakeholders emphasized the necessity of maintaining control over the plaza to ensure its effective use and management. A representative from the Sankofa Group articulated that if the plaza were to become city property, it would impose restrictions on how the space could be utilized, potentially hindering its development.

The conversation highlighted the importance of private management in enhancing public spaces. The Sankofa Group's representative pointed out that their ability to regulate access and maintain the plaza would be compromised if it were designated as city space. This sentiment was echoed by board members who recognized the successful management model employed by other developments, such as the marina between Hotel Indigo and Harrison, where leased spaces allowed for better oversight.

The meeting also addressed the potential for a public-private partnership (P3) to facilitate the plaza's development. While there was initial interest in an outright purchase of the property, discussions revealed a willingness to explore P3 options that could align with the city’s vision and provide incentives for a grocery store, a key amenity for the community.

In a move to enhance public engagement, the board proposed amending procedural rules to allow audience members to ask follow-up questions after presentations, a motion that passed unanimously. This change aims to foster greater interaction between the board and the community, ensuring that residents have a voice in the development process.

As the city prepares for future proposals, the focus remains on securing a grocery store and enhancing the plaza's appeal, with board members expressing a commitment to aggressive incentives to attract such businesses. The next steps will involve formalizing agreements with the Sankofa Group, setting the stage for potential transformative developments in Panama City.