Balboa is a district of Panama City, located at the Pacific entrance to the Panama Canal.
The town of Balboa, founded by the United States during the construction of the Panama Canal, was named after Vasco Núñez de Balboa, the Spanish conquistador credited with discovering the Pacific Ocean. The name was suggested to the Canal Zone authorities by the Peruvian ambassador to Panama. Prior to being drained, filled and leveled by the U.S. Army Corps of Engineers, the hilly area north of Panama City was home to a few subsistence ranches and unused marshlands.
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, movie theater, service center, bowling alley, and other recreational facilities and company stores. There were several schools in the area, including 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 (such as the Elks Club and the Knights of Columbus), a Masonic Lodge, a YMCA, several historic monuments, and a miniature Statue of Liberty donated by the Boy Scouts of America.
Until 1979, when the Canal Zone as a solely US territory was abolished under the terms of the Panama Canal Treaties, the town of Balboa was the administrative center of the Canal Zone, and remained so until midday on December 31, 1999, by which time, according to the Torrijos-Carter Treaties, the Panama Canal and all its assets and territories were fully returned to the Panamanian government.
The Panama Canal Administration Building, the former seat of the Canal Zone Government and Panama Canal Company, is located in Balboa Heights and continues to perform its duties as the main administration building for the agency that runs the Panama Canal—previously the Panama Canal Commission, now the Panama Canal Authority. The building has large murals painted by William B. Van Ingen depicting the construction of the canal.