The town of Balboa, like most towns in the Canal Zone, was served by Canal Zone Government-operated schools, post office, police and fire stations, commissary, cafeteria, yacht club, service center and recreational facilities. Balboa's children were educated at the Balboa Elementary School, Balboa High School, and the private St. Mary's School. The town was also home to two private banks, a credit union, a Jewish Welfare Board, several Christian denomination churches, civic clubs, a masonic temple and a YMCA.
Until 1979 when the Canal Zone was abolished under the terms of the Panama Canal Treaties, the town of Balboa was the administrative center of the Canal Zone, a U.S. territory. The Panama Canal's Administration Building, former seat of the Canal Zone Government and Panama Canal Company, is located in Balboa Heights and currently houses the Panama Canal Administration (ACP).
Balboa is now considered part of Panama City's corregimiento of Ancón. Since its incorporation into the Republic of Panama, Balboa has been redeveloped to enhance the port's capacity and to adapt to private ownership of houses and commercial enterprises. The emphasis on exploiting Balboa's location has resulted in increased car traffic, air pollution and the degradation of the town's former harmonious layout. The demographic changes resulting from the departure of most of the town's American population has also brought the closure of most of the town's former public facilities and institutions, including Balboa High School and Balboa Elementary School.
Sightseeing highlights for anyone visiting Balboa today include the Administration Building, the Goethals Memorial, the Prado, the remaining English-language churches, the somewhat well preserved architecture of the Canal Zone era, and two handicrafts markets.
As it was during the Canal Zone (1904-1979), Balboa is the seat of the Panama Canal's administrative offices and the port of Balboa, one of Panama's main ports. The population as of the 1990 census was 1,214.
For historical perspective see: