PANAMA CITY, Fla. (WJHG/WECP) - The fate of one iconic Panama City structure hangs in the balance.
Panama City officials say they will have a determination on the fate of the Marina Civic Center in two to three months while after these receive a final report from their insurance company. (WJHG/WECP)
Panama City's City Manager, Mark McQueen, said, "The preliminary report that we received with regards to the [Marina] Civic Center indicates that it was more than 50% damaged and so with that, we're now working with not only our engineering consultant but also with our insurance company."
If both parties agree the structure is more than 50% destroyed, they can then make a determination on the building.
"And then once it's 50% it opens up a whole new avenue for us to determine how we rebuild, where we rebuild, what amounts of monies we will have to to do anything that we decide to do," said McQueen.
If it's determined that the building is not salvageable, then McQueen says they may evaluate moving it to another location and creating a multi-use complex with a civic center and a convention center.
McQueen said, "We think it's important to have a Civic Center, to have an entertainment venue. We also think it's important to have a convention center and we think there's an opportunity to blend both of those."
It's an opportunity some say could generate millions in revenue for the area.
Jennifer Vigil, President and CEO of Destination Panama City, said, "We've missed out on a couple of mid-size conferences that would like to come to our area--the U.S. Sailing has a program symposium that they do every other year. It's only about 250 people but it still generates about a million dollars in economic impact."
According to Vigil, the Marina Civic Center was the number one economic driver for Downtown Panama City.
McQueen says he hopes a decision on the Civic Center will be made in the next two to three months.
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