CRA Considers Termination of Sankofa Town Center Deal

The Panama City Community Redevelopment Agency is considering acceptance of Sankofa Group, LLC’s notice terminating the Glenwood Town Center Development Agreement. The developer’s due diligence identified stormwater drainage issues that make the site unsuitable for the planned mixed-use project, and the termination would release both parties from further obligations. The CRA will provide staff direction on future redevelopment efforts for the property.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Development Agreement effective August 5, 2025 (as amended); terminated July 14, 2026 upon CRA receipt

Renewal date

2026-07-14

Renewal

Due diligence period had previously been extended by five months by CRA Board approval; current action fully terminates the agreement with no further obligations for either party.

Document type

Agenda

Source document

City of Panama City Community Redevelopment Agency Agenda 2026-08-04

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community_redevelopment_agency_board_meeting_agend.pdf

APPROVED

City of Panama, Florida$415,000.00Jun 3, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Panama?

Sankofa Group Llc was awarded this government contract by City of Panama, as recorded on August 3, 2026.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Panama City Community Redevelopment Agency Agenda 2026-08-04 (Agenda), dated August 3, 2026 from City of Panama. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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