Economic Development

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An excited crowd celebrated the opening of a new golf course in Panama City Beach Friday morning, and even more new projects are in the works hoping to share in its anticipated success.

Ten new resorts are now under construction along the Bay County coast; 13,290 new condos are expected to take the place of 2,796 hotel rooms by 2008.

The Panama City Beach Chamber of Congress and local businesses agree that a move toward higher end product will mean higher profits.