It's been a hotly contested topic in Panama City for a while, and now it’s resolved.
The Panama City Downtown Improvement Board voted to sell the Bayline Train Depot to the Kingston Group.
The depot at Beach Drive and West 6th Street, which has been at the center of some controversy, was sold to the Kingston Group for $1.1 million.
Kingston has agreed to sell the depot building back to Panama City for $10 if the city wishes to maintain it as a historical site, but if they don't, it will likely be demolished.
Kingston plans to build 46 housing units, a grocery store and office space on the 11 acres land.
Debbie Glick, Executive Director of the DIB, says the development would fall right in line with the vision for the downtown area.
“It's long been our goal to bring additional residential in-fill into the downtown to make it more of an 18-24 hour city."
Wednesday night’s vote by the Downtown Improvement Board wasn't without controversy.
Tuesday night, Panama City Mayor Lauren DeGeorge said the DIB board should be dissolved because of the way they were handling the depot.
DeGeorge has been leading a campaign to save the railroad depot and believed it shouldn't be sold, but the Debbie Glick of the DIB says they stand by the decision.
Are we surprised she's unhappy? No. She's made it clear that there are some things about the Downtown Improvement Board that she's not real pleased with.
The Kingston Group put a $200,000 non-refundable deposit on the property. They expect to close the deal in the next 60 days.