Monday, October 22, 2007

‘Perfect storm’

October 22, 2007

Beach becomes buyer’s market
By Ed Offley

PANAMA CITY BEACH
Back in the days of the thriving beachfront condominium construction boom, Realtors joked that the overhead construction cranes adorning the skyline should be designated as the official city bird.

Today, the condo crane is on the endangered species list.
In 2004, there were at least three dozen resort condo projects under various stages of construction along Bay County’s western beachfront, each one with one or two of the signature horizontal jib cranes towering overhead. Now, from St. Andrews State Park west to the county line, only the Tropic Winds condo project under development still sports such a device.

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