The future of the property that used to be home to a landmark Panama City Beach restaurant is becoming more certain.

At Tuesday's County Commission meeting, the commission unanimously approved the first reading of a development agreement for the old Treasure Ship property off Thomas Drive.

In April of 2010, a fire gutted the inside of the Treasure Ship.

After the fire, the family and county were at odds over building codes for rebuilding the ship but on Tuesday, the Nombergs and the county came one step closer to approving reconstruction for the Treasure Ship site.

The approval will allow the redevelopment and reconstruction of the site which will include restaurants with bars, hotels and retail space. It also included in the plans for the redevelopment of the marina site.

The family feels the second reading will have no trouble passing, and they look forward to building a new landmark.

"After the ship burned, I received so many letters and emails from the public about how they felt about the facility and what it meant to them. So I feel comfortable that there will be no opposition to us after today's meeting," says owner Lisa Nomberg Todd.

The commission has scheduled the second public hearing for August 21st.