Florida Record
Panama City
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Martin Theater renovation and operations

Summary

The city plans to hire a private company to run the restored Martin Theater, plus eventually the Ritz and Tennessee House. Commissioners want an operator who pays the city a revenue share, keeps the venue busy year-round with community programming, and involves local nonprofits — not one that sits dark between big acts.

At a glance

Total mentions
5
Last 30 days
0

Last discussed Aug 11, 2026.

Impact analysis

💰Financial impact

Commissioners want the operator to cover operating costs and send revenue back to the city — like the Pensacola Saenger sends roughly $400,000 a year to that city — rather than needing a city cash infusion.

✅Who benefits

Downtown businesses, local arts groups and nonprofits, and city taxpayers if the revenue-share model works as hoped.

⚠️Who could be affected

Commissioner Street argued the growing local cost share harms taxpayers.

Mentions & discussions (5)

MeetingAug 11, 2026approved

City Commission Meetings - Aug 11, 2026

After only one bid came in, the revised RFP drops weighted scoring and allows outside-the-box proposals, going out for 60 days. Bay Arts Alliance's Jayson Kretzer praised the changes and urged valuing the theatre's downtown economic ripple, not just its balance sheet.

MeetingJun 23, 2026approved

City Commission Meetings - Jun 23, 2026

The commission approved another $150,000 in architect services to keep the renovation moving through year end, and rejected the only operations bid so a stronger, partnership-focused RFP can be reissued.

MeetingMay 26, 2026approved

City Commission Meetings - May 26, 2026

Change Order No. 3 shifts about $1.26 million from the city's share of the Martin Theatre project to FEMA funds, cutting the local cost share nearly in half to about $1.1 million. Some commissioners still worry the scope keeps growing before an operator is chosen.

MeetingMar 10, 2026

City Commission Meetings - Mar 10, 2026

The theatre project grew by another $425,000, with one commissioner pushing for a net-zero approach as the city explores cost-saving scope changes with an outside operator.

MeetingMar 4, 2026

Public Workshop - Mar 4, 2026

The city plans to hire a private company to run the restored Martin Theater, plus eventually the Ritz and Tennessee House. Commissioners want an operator who pays the city a revenue share, keeps the venue busy year-round with community programming, and involves local nonprofits — not one that sits dark between big acts.

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