Unfunded Lullwater Lake stormwater project heightens Panama City Beach property risk

A planned $22 million stormwater project reportedly exceeded its budget by more than $39 million and remains unfunded, leaving Lullwater Lake flooding and sediment problems unresolved. Recent heavy-rain and flash-flood conditions across the Panhandle reinforce the need to assess drainage, flood exposure, insurance, access, and operational disruption, but provide no new property-specific damage information.