Old airport to transfer this week

PANAMA CITY, Fla. -- The final transfer of the old airport in Panama City to its new owners will take place Wednesday or Thursday, officials said. The sale will help the airport pay off a number of debts and eliminate some $120,000 per month in costs at the old site. St. Andrew Bay Land Co. plans a village-type development at the 700-acre site. Air operations transferred to the Northwest Florida Beaches International Airport near West Bay on May 23, 2010. (Source: Panama City News Herald, 02/06/12)