When I first went through the HITU (helo instructor course) in 2004, the word was that Site 8 would be closing "in a few years" so it looks like the Pensacola Chamber of Commerce finally got their way. Several years ago, they got a lot of the land around their from the local 4-H. The whole place will be part industrial park and part subdivisions. That's just how urban sprawl goes.
In return, the local powers-that-be traded Site 8 for some land for a new "super OLF" right under one of the inner reporting points on the north field course rules- logistically inconvenient for everyone. Santa Rosa County and Whiting Field have worked well together for years. Escambia County, on the other hand... IMHO the movers and shakers in Escambia County railroaded the Navy into this deal years ago.
That vest has been the fleet standard since around '03 or so. The SV-2 got phased out from the fleet about then; I can't remember how long we had serviceable SV-2s (loaners) in the south field paraolft. It's, um, okay, generally speaking, but it's pretty clunky in the TH-57. The "fishing vests" (I never knew the official name was SR-21) have gone away and come back a few times in the last several years. The then-CNATRA admiral decreed c2010 that no TRACOM IP would fly without flotation after one of the primary VT IPs drowned in Lake Pontchartrain. Never mind that half the HT flying was within fifteen miles of home field and only crossed rivers and streams, but some good folks pushed back up the chain of command and we got some sensible concessions on that rule. But that's another story...
I dunno what the current version of the rule is. For a while it was the big vest if you were flying to Site 8, since you had to cross the Escambia River to get there (Escambia River is too tall to just stand up, unlike Pond Creek, Coldwater Creek, most of the Blackwater, Dick Pond, etc. Maybe that's still the rule. I flew with Paul Bowdich a few times when he was on the PXO track for his squadron tour- great guy and I was thrilled to see him get slated for base CO.