AROUND THE NATION - 'Gay Money' Circulating in Florida. The Washington Post, June 05, 1993, FINAL Edition By: ns Section: A SECTION, p. a04 PENSACOLA, Fla. - Cash stamped "GAY MONEY" has been circulating through the city in an effort to demonstrate the economic importance of homosexuals to the area. The anti-gay stance of two elected officials has angered merchants who welcome business from gay visitors. Christopher Street South, a Pensacola gay group, estimates that homosexuals spend about $25 million a year in the area. One bar and some individuals began stamping their cash after City Council member Doug Proffitt wrote to a television station last month objecting to a news report on Memorial Day weekend activities, which draw thousands of homosexuals to Pensacola annually