Historic Grammar School redevelopment at 101 E. 7th Street
Summary
The hurricane-gutted Panama City Grammar School finally has a buyer. The city waives about $374,750 in code fines so Zachary Seymour can turn it into apartments and townhomes — with a hard one-year repair clock and a check-in with the Commission.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Sep 1, 2026.
Impact analysis
The city gives up about $374,750 in fines (forgivable) plus a guaranteed $100,000 CRA grant in exchange for restoring a blighted historic building and growing the tax base.
Downtown residents and preservationists who've watched the building decay since Hurricane Michael.
None identified, though Commissioner Grainger questioned whether spelling out the $100,000 award creates a precedent other CRA applicants may invoke.
Mentions & discussions (3)
Community Redevelopment Board - Sep 1, 2026
The last payer on the board's agenda — the historic Panama City Grammar School has sat damaged since Hurricane Michael. Zachary Seymour is under contract to restore it and add housing, backed by a developer agreement and a $220,165.60 site preparation grant.
City Commission Meetings - Aug 25, 2026
The hurricane-gutted Panama City Grammar School finally has a buyer. The city waives about $374,750 in code fines so Zachary Seymour can turn it into apartments and townhomes — with a hard one-year repair clock and a check-in with the Commission.
Panama City makes moves toward preservation of historic downtown school building
Panama City makes moves toward preservation of historic downtown school building Panama City News Herald
Related development
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Panama City
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.