logo
Martin Theatre rebuild progress update

Martin Theatre rebuild progress update

Yahoo23-04-2025

PANAMA CITY, Fla. (WMBB) – The Martin Theatre became the cornerstone of downtown Panama City when it was built almost 100 years ago.
The $32 million rebuild is meant to honor that legacy, restoring and upgrading the interior while preserving the past.
The project not only includes renovations to the Martin, but also includes the Ritz and the Tennessee House, which will be a new addition to the building.
Freeport man killed in single vehicle crash in Walton County, investigation underway
The layout of the main lobby is similar to the old Martin, with a concession stand and bathrooms upon entry.
The renovation will increase seating capacity to over 480.
There will be dressing rooms and extra space downstairs for performers.
The Tennessee House will be a new addition to the building, with construction scheduled to begin next week.
It will offer event space and a balcony overlooking Harrison Ave and 4th Street.
'We're going to have a wraparound balcony on the second level of the Tennessee House. So, just a great space to watch activities, parades, special events, or just on a regular evening without any special events going on, so it's going to be a great observation point. That's such an iconic location right here in downtown Panama City of Four Points Plaza,' Panama City City Manager Jonathan Hayes said.
The Ritz will replace the former DIB office on the north side of the theatre.
It will replicate a speakeasy bar and lounge along with meeting spaces.
All of the renovations are ADA accessible with ramps and three elevators throughout the building.
It's projected to be completed in the summer of 2027.
When it's finished, city officials plan on bringing in outside help to assist in theater operations. They believe it will help utilize the facility to its full potential.
Governor Ron DeSantis ordered flags to be flown at half-staff in honor of Pope Francis
'The plan is to put out a Request for Proposal or qualifications, or look at maybe an outside company to kind of operate it on behalf of the city of Panama City. That does not mean the city would not still have a role in it and a stake in the ultimate authority over that facility. But having subject matter experts come in and operate such a high-end facility, that's going to have the complexity of the theater as well as both the Tennessee House and the Ritz,' Hayes said.
Officials say they'll put the RFPs out for bid later this year or early next year.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Condo bill passed to protect condo owners from rising costs. Will DeSantis sign HB 913?
Condo bill passed to protect condo owners from rising costs. Will DeSantis sign HB 913?

Yahoo

time9 hours ago

  • Yahoo

Condo bill passed to protect condo owners from rising costs. Will DeSantis sign HB 913?

In trying to solve one huge problem, Florida lawmakers added a big headache for condo owners in the form of a sudden need for a lot of money. A bill passed this legislative session is intended to alleviate the financial pressure a bit. In 2021, a 12-story condominium in Surfside collapsed without warning, leaving 98 people dead. Investigations into the cause discovered degraded concrete supports from water penetration, among other issues, and delays in maintenance. Lawmakers responded to the deadly event and the likelihood of future tragedies by overhauling state condo laws and mandating all condo developments over 30 years old — which is about two-thirds of all condos in Florida —to undergo "milestone inspections," and all condos three stories or higher to get "structural integrity inspections." Condo associations were ordered to maintain enough reserve funds to cover any necessary maintenance or repair those inspections turned up. However, many condo associations didn't have that much money in reserves, and for some the amount required to be in compliance was staggering. Condos scrambled to catch up and many hiked up condo association fees — in some areas drastically — or added assessment fees to make up the cash before the deadlines. Rising insurance premiums from last year's powerful storms haven't helped, either. All of that has resulted in an exodus for residents who could afford to move (or were abruptly priced out of their homes) and much higher monthly bills for those who stayed. Sales of condos in Florida are also down. House Bill 913, which overwhelmingly passed in the House and unanimously passed in the Senate, seeks to lighten the load while still addressing dangerous structures in the state. It pushes the structural integrity inspection deadline off a year for some condo associations, allows associations in some situations to use special assessments, lines of credit or loans to fund their reserves and to pool reserve accounts, and changes which buildings need structural integrity inspections, among other things. As of June 10, HB 913 has been enrolled (passed by the Legislature) to be turned into an act to present to Gov. Ron DeSantis to sign, but it has not been sent to him yet. DeSantis initially called for a special session in January to address rising condo costs, among other issues, but the Legislature pushed it off until the regular session when they'd have more information. The governor said in early May that at first he preferred the Senate version of the bill (SB 1742, from Sen. Jennifer Bradley, R-Fleming Island) because he felt it was geared more toward condo owners than developers, but most lawmakers made substantial adjustments to their bills before passage. 'It should have been done in January," he said at a stop in Miami. "It did get done. I'm glad that the Bradley bill is basically what passed.' Lawmakers take on condo fees: 8 Florida condo bills aim to ease, relax burden of inspections. Here are the details HB 913, from Rep. Vicki L. Lopez, R-Miami, is a big bill that seeks to protect condo owners and clarify association accountability and responsibilities. Among its many changes, the bill: Extends the deadline for certain associations to have a structural integrity reserve study (SIRS) to Dec. 31, 2025, rather than Dec. 31, 2024 Changes requirement for mandatory structural inspections to apply to buildings that are three habitable stories or more, rather than just three stories or more, adds four-family dwellings Allows condo association members to vote to create special assessment or secure a line of credit or a loan to fund the maintenance reserves required by law Allows condo associations to pool for two or more required components rather than earmarking amounts for each item, without a vote of the unit owners Allows condo associations to invest reserve funds in certificates of deposit or depository accounts without a vote of the unit owners Changes the minimum deferred maintenance expense or replacement cost for reserve fund budgeting from $10,000 to $25,000, to be adjusted annually for inflation Allows multi-condominium associations to use approved alternative funding method to satisfy reserve funding obligations Requires SIRS inspections to include a recommendation for a reserve funding schedule Allows condo associations who have completed a milestone inspection to delay a SIRS for not more than two consecutive budget years to enable them to focus on the recommendations of the milestone inspection Allows some condo associations who have completed a milestone inspection in the previous two years to vote to temporarily pause fund contributions to the maintenance reserve fund for no more than two consecutive annual budgets, for budgets adapted on or before Dec. 31, 2028 Requires local enforcement agencies responsible for milestone inspections to annually report to Department of Business and Professional on the following stats for their area: number of buildings subject to inspections, number of inspections completed, the number and type of permit applications received to complete repairs, and a list of buildings deemed unsafe or uninhabitable, among other things Bans anyone performing structural integrity reserve studies from repairing, contracting to repair, or having financial interests in anyone else repairing any issues found in the inspection, adds other restrictions to prevent collusions, kickbacks and bribes by blocking connections between design professional and licensed contractors and the firm or person providing the milestone inspection. Creates additional requirements relating to the licensure and regulation of community association managers and community association management firms. Require associations to maintain adequate property insurance based on the replacement cost of the property, which must be determined every three years at a minimum. Allows video meetings and electronic voting (if agreed upon by a majority of the association) but requires full notification ahead of time, recordings become an official record and links or downloads must be provided to members Exempts nonresidential condominiums with 10 or fewer units from restrictions on who can vote to elect members of the board of administration or cancel contracts Requires the association to provide timely financial reports and disclosures related to inspections and studies to unit owners. Requires condo associations to create and maintain an online account with the Division of Florida Condominiums, Timeshares, and Mobile Homes by Oct. 1, 2025, to track contact information, basic info, assessments, inspection results and more Requires official documents to be made available on the association's website or made available for download through an application on a mobile device within 30 days after it is created or received Allows condo association boards to pause or reduce contributions to the reserve funding if the building has been determined to be uninhabitable due to a natural emergency until the local building official determines it is habitable again, allows reserve funds to be used to make it habitable Clarify that unit owners are not responsible for the cost of necessary removal or reinstallation of hurricane protection unless previously agreed otherwise If Gov. DeSantis signs it, the bill becomes law on July 1, 2025. This article originally appeared on Tallahassee Democrat: Florida condo costs would see relief if DeSantis signs bill into law

Cardano's ADA Gains 3%, Buoyed by Inclusion in Nasdaq's Crypto Index
Cardano's ADA Gains 3%, Buoyed by Inclusion in Nasdaq's Crypto Index

Yahoo

time10 hours ago

  • Yahoo

Cardano's ADA Gains 3%, Buoyed by Inclusion in Nasdaq's Crypto Index

Cardano's native token ADA ADA added 3% in the past 24 hours after Nasdaq said it expanded its crypto benchmark index from five to nine assets, adding ADA alongside XRP XRP, Solana SOL and Stellar XLM. ADA experienced significant price volatility overnight, establishing a 8.8% trading range between $0.66 and $0.72, according to CoinDesk Research's technical analysis. It was recently trading at $0.6951. Trading volumes for ADA have increased 68% over the past 24 hours, suggesting active market participation despite uncertain conditions. Its addition to the Nasdaq index could significantly increase Cardano's visibility among traditional investors. Market analysts note the $0.70 level has emerged as a crucial psychological support zone that will likely determine ADA's short-term trajectory following its earlier bullish momentum. The CoinDesk 20 Index, which tracks the broader crypto market performance, is up about 4% over the past 24 hours. Technical Analysis ADA exhibited significant volatility over the 24-hour period, establishing a 8.8% trading range between $0.66 and $0.72 before dropping 3.3%. The price action formed a clear uptrend from $0.67 to $0.72 with strong volume support at the $0.68 level. The recent pullback from $0.72 to $0.69 suggests profit-taking after the rally, with the 0.70 level emerging as a key psychological support zone. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Florida Unveils Inter-City Rail Changes
Florida Unveils Inter-City Rail Changes

Newsweek

time11 hours ago

  • Newsweek

Florida Unveils Inter-City Rail Changes

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Florida's state legislature has passed a new bill that creates new liability and insurance rules for one of the state's largest railroads. The Coastal Link Commuter Rail Service Act, which affects how consumers interact with Brightline and the Florida East Coast Railway, will come into effect on July 1. Newsweek contacted the bill's sponsor, Representative Vicki Lopez, for more information on the legislation via email. The Context Brightline is the rail service that connects Miami to Orlando in Florida. In 2024, its Miami-Orlando services covered a total of 5.4 million miles with 2.6 million rides taken, making it one of the most frequently-traveled routes in the country. Any legislation that affects how passengers interact with the route has big ramifications for commuters. What To Know The new law, which was approved by Governor Ron DeSantis on Thursday, allows public agencies in Florida to assume certain indemnification obligations and purchase insurance related to the operation of commuter rail services on the corridor. The legislation also authorizes state agencies that enter into agreements with Brightline to take on risks related to accidents involving their passengers. Part of the bill explicitly defines Brightline and FECR as explicitly "not officers, agents, employees, or subdivisions of the state," meaning that the companies and their employees do not receive the sovereign immunity protections that the state would. The new Brightline train is headed to Fort Lauderdale, in Miami, Florida, October 23, 2024. The new Brightline train is headed to Fort Lauderdale, in Miami, Florida, October 23, 2024. Getty Images Agencies will be able to indemnify Brightline and the FECR for costs and expenses due to accidents involving the agency's own passengers and invitees, "regardless of whether the loss... is caused in whole or in part, and to whatever nature or degree, by the fault... of such freight rail operator." For consumers and insurers, this means that public entities will only continue to bear the risk of accidents related to private operators within very strictly defined boundaries. What People Are Saying Florida Governor Ron DeSantis said in relation to Brightline's plans for expansion in 2024: "It's privately funded. I mean, we are not going to be on the hook as the state with taxpayers for doing trains. "If they proceed, there is a corridor to be able to do that. But it's not going to be Florida taxpayers constructing a train. I can be clear on that." What Happens Next The Coastal Link Commuter Rail Service Act will come into effect on July 1 after being approved by Governor Ron DeSantis on Thursday. Brightline has plans to build a station in Cocoa, a city near the Atlantic Ocean east of Orlando, as part of its broader efforts to expand throughout Florida.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store