Airport - new website, update & pics

[AAbsolute]

In the recent edition of "Global Airport Cities" (issue 2, Volume 3), there is a Special Report on Panama City, Florida and "The USA's new green airport." I have it scanned as a pdf, but it is too large to upload. Mostly, the article talks about JOE and Bay County's vision of the future, and plans to develop around the new airport.

Thanks for the head's up SJ. I couldn't help but notice how much more JOE gets in exchange for the 4,000 acres, et al, that it donated. Here's the link to the story you mentioned.

http://www.insightgrp.co.uk/pdfs_web/Magazines/GAPC/GAC_2-2008.pdf

"Around the airport, St Joe is
planning for 4.4 million square feet
of commercial space. At full
build-out, the aerotropolis plan
envisages 27,000 residential units
and 37 million square feet of​

industrial and commercial space." That's equivalent to 370 Wal Mart's and a new city of 100,000 out there.

 

[Matt J]

In the recent edition of "Global Airport Cities" (issue 2, Volume 3), there is a Special Report on Panama City, Florida and "The USA's new green airport." I have it scanned as a pdf, but it is too large to upload. Mostly, the article talks about JOE and Bay County's vision of the future, and plans to develop around the new airport.

Have you tried photobucket?

Thanks for the head's up SJ. I couldn't help but notice how much more JOE gets in exchange for the 4,000 acres, et al, that it donated. Here's the link to the story you mentioned.

http://www.insightgrp.co.uk/pdfs_web/Magazines/GAPC/GAC_2-2008.pdf

"Around the airport, St Joe is
planning for 4.4 million square feet
of commercial space. At full
build-out, the aerotropolis plan
envisages 27,000 residential units
and 37 million square feet of​

industrial and commercial space." That's equivalent to 370 Wal Mart's and a new city of 100,000 out there.

Are you implying that they are doing something wrong? Developers have done this for years. To me it's the same as developers that build a huge development and then "set aside" land for future schools that are built by the local government. However in this case there is a documented need for a new airport and after a survey of various sites, the airport board went with the FREE option.

 

[SHELLY]

In the recent edition of "Global Airport Cities" (issue 2, Volume 3), there is a Special Report on Panama City, Florida and "The USA's new green airport." I have it scanned as a pdf, but it is too large to upload. Mostly, the article talks about JOE and Bay County's vision of the future, and plans to develop around the new airport.

...the "Green" being the tax dollars that are being thrown JOE's way??

.

 

[AAbsolute]

Have you tried photobucket?



Are you implying that they are doing something wrong? Developers have done this for years. To me it's the same as developers that build a huge development and then "set aside" land for future schools that are built by the local government. However in this case there is a documented need for a new airport and after a survey of various sites, the airport board went with the FREE option.

I'm saying that I don't know any way they could get a better return on their investment. It will take JOE 40 years to build out their holdings in that area. There is no way for them to make money with parlor tricks there, because they are going to be stuck there amongst their planning decisions for a generation.

Assumption: JOE donates 4,000 acres and sets aside land for mitigation. In return, JOE has cut the time down for future environmental/development permitting over an enormous block of land. JOE's donation of the land together with their marketing campaign persuades approval of the new airport. With it comes the State/Federal Government paying upto $1,000,000,000 in infrastructure improvements and development of the airport. This sets the stage for JOE to develop 27,000 homes and 37,000,000 square feet of commercial space.

That 4,000 acres may have been worth 6,000,000 as a bulk sale and JOE benefits by 1,000,000,000 in State infrastructure initiatives in and around their formerly near valueless holdings. I'd bet their ROI is x 85. Very good work.

 

[Smiling JOe]

...the "Green" being the tax dollars that are being thrown JOE's way??

.

There are some environmentally green factors, but mostly, I see dollar-bill-green.


There are some really interesting articles in the link which aabsolute provided. One which is very relevant to the PCB Airport development is found on p32 of the newsletter (p34 of the pdf).

 

[Matt J]

I'm saying that I don't know any way they could get a better return on their investment. It will take JOE 40 years to build out their holdings in that area. There is no way for them to make money with parlor tricks there, because they are going to be stuck there amongst their planning decisions for a generation.

Assumption: JOE donates 4,000 acres and sets aside land for mitigation. In return, JOE has cut the time down for future environmental/development permitting over an enormous block of land. JOE's donation of the land together with their marketing campaign persuades approval of the new airport. With it comes the State/Federal Government paying upto $1,000,000,000 in infrastructure improvements and development of the airport. This sets the stage for JOE to develop 27,000 homes and 37,000,000 square feet of commercial space.

That 4,000 acres may have been worth 6,000,000 as a bulk sale and JOE benefits by 1,000,000,000 in State infrastructure initiatives in and around their formerly near valueless holdings. I'd bet their ROI is x 85. Very good work.

I'm not really sure about a billion dollars in infrastructure. The airport itself is around 400 million and the only other infrastructure to be improved is Hwy 388. That's an ongoing fight between the county and the state as to who is going to expand it. I wouldn't count Hwy 79 into the equation as the expansion was needed and started before the airport. After Hwy 388 I would say around half a billion.

Edit: I'll throw in the Hwy 388 extension to WS in that figure.

 

[AAbsolute]

I'm not really sure about a billion dollars in infrastructure. The airport itself is around 400 million and the only other infrastructure to be improved is Hwy 388. That's an ongoing fight between the county and the state as to who is going to expand it. I wouldn't count Hwy 79 into the equation as the expansion was needed and started before the airport. After Hwy 388 I would say around half a billion.

Edit: I'll throw in the Hwy 388 extension to WS in that figure.

There's about 500,000,000 in preliminary DOT budgeting for the bypass to Watersound so far. Add in the airport costs. So far.

 

[Smiling JOe]

how can you exclude the costs of hwy 79 expansion? it wouldn't have happened if not for the airport.

 

[Matt J]

how can you exclude the costs of hwy 79 expansion? it wouldn't have happened if not for the airport.

That's not true, it is the only direct North route out of PCB. It was widened for hurricane evacuations. Walton county could learn and elect a state representative that will be the speaker. Throw in the fact that the person should also own a controlling interest in a road construction company and boom we'll have 331 4 laned to Chicago.

 

[DuneLaker]

You'd also have to be the Godson to an owner of a concrete company to get the inside track on four-laning that's been accomplished for our next door county.